Lloyds Banking Group plc (LON:LLOY) Given Average Rating of “Hold” by Brokerages

Lloyds Banking Group plc (LON:LLOY) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 107.78.

Several brokerages have recently weighed in on LLOY. JPMorgan Chase & Co. upped their price target on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lloyds Banking Group to GBX 125 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Citigroup upped their price target on Lloyds Banking Group from GBX 98 to GBX 106 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Barclays upped their price target on Lloyds Banking Group from GBX 100 to GBX 120 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th.

Lloyds Banking Group Stock Performance

Shares of LLOY opened at GBX 95.73 on Friday. The company has a 50 day moving average price of GBX 99.99 and a 200-day moving average price of GBX 95.06. Lloyds Banking Group has a fifty-two week low of GBX 63.54 and a fifty-two week high of GBX 114.60. The stock has a market capitalization of £56.02 billion, a PE ratio of 13.87, a PEG ratio of 1.84 and a beta of 0.94.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported GBX 7 earnings per share for the quarter. Lloyds Banking Group had a net margin of 24.49% and a return on equity of 9.93%. Equities research analysts forecast that Lloyds Banking Group will post 7.3199528 EPS for the current year.

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.