Lloyds Banking Group plc (LON:LLOY) Receives GBX 56.86 Average Price Target from Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have been given a consensus rating of “Hold” by the ten analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 56.86 ($0.74).

LLOY has been the topic of several research reports. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 60 ($0.78) price target on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 55 ($0.71) price objective on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the company an “underweight” rating in a research report on Wednesday, July 3rd.

Lloyds Banking Group Stock Down 1.6 %

Shares of LON LLOY opened at GBX 53.66 ($0.70) on Friday. The firm’s 50-day moving average price is GBX 58.61 and its 200-day moving average price is GBX 56.69. Lloyds Banking Group has a 52-week low of GBX 39.79 ($0.52) and a 52-week high of GBX 63.47 ($0.82). The company has a market cap of £32.88 billion, a PE ratio of 766.57, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.