Citigroup Reaffirms “Buy” Rating for Lloyds Banking Group (LON:LLOY)

Citigroup reiterated their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a report published on Monday, Marketbeat.com reports.

A number of other analysts also recently issued reports on the stock. Peel Hunt began coverage on shares of Lloyds Banking Group in a research report on Friday, April 19th. They set a hold rating and a GBX 55 ($0.70) target price for the company. JPMorgan Chase & Co. raised their target price on shares of Lloyds Banking Group from GBX 50 ($0.64) to GBX 54 ($0.69) and gave the company an underweight rating in a research note on Wednesday, July 3rd. Finally, Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of GBX 56.83 ($0.73).

Lloyds Banking Group Trading Up 0.4 %

Shares of Lloyds Banking Group stock opened at GBX 58.10 ($0.74) on Monday. The business’s fifty day moving average price is GBX 55.20 and its 200 day moving average price is GBX 50.15. Lloyds Banking Group has a twelve month low of GBX 39.42 ($0.50) and a twelve month high of GBX 59.36 ($0.76). The stock has a market capitalization of £36.61 billion, a P/E ratio of 830.00, a PEG ratio of 1.89 and a beta of 1.23.

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.