Lloyds Banking Group plc (LON:LLOY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 55.50 ($0.70).

A number of equities analysts have recently issued reports on the stock. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 60 ($0.76) target price on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 55 ($0.69) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th.

Lloyds Banking Group Price Performance

LON:LLOY opened at GBX 55.38 ($0.70) on Friday. The firm has a market cap of £33.93 billion, a PE ratio of 791.14, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company has a 50-day moving average of GBX 56.26 and a 200 day moving average of GBX 56.93. Lloyds Banking Group has a 1-year low of GBX 41 ($0.52) and a 1-year high of GBX 63.47 ($0.80).

About Lloyds Banking Group

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.