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JPMorgan Lifts Lloyds Banking Group Price Target to £123

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JPMorgan Chase & Co. has raised its price target for Lloyds Banking Group from GBX 121 to GBX 123, according to a report issued on Tuesday by Digital Look.

The firm's current rating on the financial services provider's stock is 'neutral', and the potential upside from the stock's current price is approximately 12.23%.

This latest move comes after several other research analysts have weighed in on Lloyds Banking Group, with Jefferies Financial Group boosting its price target to GBX 127 and giving the company a 'buy' rating last month.

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