Jefferies Financial Group Boosts Lloyds Banking Group (LON:LLOY) Price Target to GBX 127

Lloyds Banking Group (LON:LLOY) had its price target increased by equities researchers at Jefferies Financial Group from GBX 125 to GBX 127 in a report issued on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 14.78% from the stock’s previous close.

A number of other research analysts have also commented on LLOY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday, July 31st. Berenberg Bank restated a “hold” rating and set a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada increased their price objective on shares of Lloyds Banking Group from GBX 120 to GBX 124 and gave the company an “outperform” rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 114.40.

Lloyds Banking Group Trading Up 0.1%

Shares of LON LLOY opened at GBX 110.65 on Wednesday. Lloyds Banking Group has a 12-month low of GBX 77.38 and a 12-month high of GBX 117.90. The company has a market cap of £64.24 billion, a PE ratio of 13.83, a P/E/G ratio of 1.84 and a beta of 0.91. The stock has a 50 day simple moving average of GBX 112.71 and a 200-day simple moving average of GBX 103.93.

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. Sell-side analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total value of £9,458,555.68. Company insiders own 0.17% of the company’s stock.

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.