Lloyds Banking Group plc (LON:LLOY) Receives GBX 98.50 Consensus Price Target from Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have been given an average rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 98.50.

LLOY has been the topic of a number of analyst reports. Citigroup raised their price objective on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a “neutral” rating in a report on Monday, December 1st. Shore Capital restated a “hold” rating and issued a GBX 84 price target on shares of Lloyds Banking Group in a research note on Wednesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a GBX 93 price objective on shares of Lloyds Banking Group in a research report on Friday, October 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 105 target price on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. boosted their target price on Lloyds Banking Group from GBX 100 to GBX 102 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at GBX 97 on Wednesday. The business has a 50-day simple moving average of GBX 92.17 and a 200-day simple moving average of GBX 84.31. Lloyds Banking Group has a one year low of GBX 52.44 and a one year high of GBX 98.03. The company has a market cap of £57.04 billion, a PE ratio of 17.02, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last issued its earnings results on Thursday, December 11th. The financial services provider reported GBX 6.30 earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, sell-side analysts predict that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal 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.