Lloyds Banking Group (LON:LLOY) Lowered to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Lloyds Banking Group (LON:LLOY) to a neutral rating in a research note released on Tuesday, Borsen Zeitung reports. JPMorgan Chase & Co. currently has GBX 70 ($0.91) price target on the financial services provider’s stock, down from their previous price target of GBX 80 ($1.05).

A number of other equities research analysts have also issued reports on LLOY. Deutsche Bank increased their price target on Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research report on Friday, July 12th. Barclays increased their price target on Brown-Forman from $51.00 to $60.00 and gave the company an equal weight rating in a research report on Monday, June 10th. Credit Suisse Group set a GBX 190 ($2.48) price target on Barclays and gave the company a neutral rating in a research report on Tuesday, March 19th. Societe Generale reissued a sell rating on shares of KINGFISHER PLC/SH in a research report on Tuesday, April 9th. Finally, HSBC set a €6.90 ($8.02) target price on Deutsche Bank and gave the stock a neutral rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 70.06 ($0.92).

LLOY stock opened at GBX 56.79 ($0.74) on Tuesday. The firm has a market cap of $40.11 billion and a price-to-earnings ratio of 10.33. The firm has a 50-day moving average of GBX 57.64. Lloyds Banking Group has a 1 year low of GBX 49.52 ($0.65) and a 1 year high of GBX 66.79 ($0.87).

In related news, insider George Culmer sold 83,581 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of GBX 58 ($0.76), for a total transaction of £48,476.98 ($63,343.76). Also, insider Stuart Sinclair purchased 362,664 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average price of GBX 61 ($0.80) per share, for a total transaction of £221,225.04 ($289,069.70).

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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