Lloyds Banking Group (LON:LLOY) Receives Hold Rating from Shore Capital

Shore Capital reissued their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a report published on Wednesday, Marketbeat Ratings reports.

LLOY has been the topic of several other research reports. JPMorgan Chase & Co. raised 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. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 55 ($0.71) price target on shares of Lloyds Banking Group in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 56.86 ($0.74).

Lloyds Banking Group Trading Down 7.3 %

Lloyds Banking Group stock opened at GBX 57.66 ($0.75) on Wednesday. The firm has a market cap of £35.33 billion, a PE ratio of 823.71, a P/E/G ratio of 1.84 and a beta of 1.23. The stock’s 50 day simple moving average is GBX 58.84 and its two-hundred day simple moving average is GBX 56.60. Lloyds Banking Group has a 12 month low of GBX 39.61 ($0.51) and a 12 month high of GBX 63.47 ($0.82).

Lloyds Banking Group Company Profile

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.