Lloyds Banking Group plc (LON:LLOY) Receives GBX 56.86 Consensus Price Target from Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned an average rating of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 56.86 ($0.74).

Several research analysts have recently weighed in on LLOY shares. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.78) price objective on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a report on Wednesday, August 21st.

Lloyds Banking Group Stock Up 1.9 %

Shares of LON:LLOY opened at GBX 54.42 ($0.71) on Friday. The business has a fifty day simple moving average of GBX 58.41 and a 200-day simple moving average of GBX 56.69. Lloyds Banking Group has a 52 week low of GBX 39.80 ($0.52) and a 52 week high of GBX 63.47 ($0.82). The company has a market cap of £33.34 billion, a P/E ratio of 777.43, a P/E/G ratio of 1.84 and a beta of 1.23.

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.