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

Lloyds Banking Group plc (LON:LLOY) has received an average 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 recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 108.22.

A number of equities research analysts have recently weighed in on LLOY shares. Citigroup boosted their price objective on shares of Lloyds Banking Group from GBX 98 to GBX 106 and gave the company a “neutral” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. reduced their price objective on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lloyds Banking Group to GBX 125 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Shore Capital Group reissued a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 2nd. Finally, UBS Group reissued a “neutral” rating and set a GBX 103 price target on shares of Lloyds Banking Group in a research report on Friday, January 23rd.

Lloyds Banking Group Stock Performance

Shares of LON LLOY opened at GBX 97.13 on Tuesday. The company has a market cap of £56.84 billion, a PE ratio of 14.08, a P/E/G ratio of 1.84 and a beta of 0.94. Lloyds Banking Group has a fifty-two week low of GBX 69.70 and a fifty-two week high of GBX 114.60. The business has a 50-day simple moving average of GBX 98.44 and a two-hundred day simple moving average of GBX 96.80.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings data 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%. On average, sell-side analysts predict that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Lloyds Banking Group Company Profile

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.