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

Lloyds Banking Group plc (LON:LLOY) has received an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 56.83 ($0.74).

A number of analysts have commented on LLOY shares. 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. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, April 24th. Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, July 8th. Finally, Peel Hunt started coverage on shares of Lloyds Banking Group in a research report on Friday, April 19th. They set a “hold” rating and a GBX 55 ($0.71) price objective on the stock.

Lloyds Banking Group Stock Up 0.1 %

LON LLOY opened at GBX 59.04 ($0.76) on Thursday. The company has a market capitalization of £37.20 billion, a price-to-earnings ratio of 842.57, a PEG ratio of 1.89 and a beta of 1.23. Lloyds Banking Group has a twelve month low of GBX 39.42 ($0.51) and a twelve month high of GBX 59.82 ($0.77). The stock has a fifty day simple moving average of GBX 56.10 and a 200 day simple moving average of GBX 50.79.

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.