Lloyds Banking Group plc (LON:LLOY) Receives Consensus Rating of “Moderate Buy” from Analysts

Lloyds Banking Group plc (LON:LLOY) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 101.57.

A number of analysts recently weighed in on LLOY shares. JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 100 to GBX 102 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 105 price objective on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Royal Bank Of Canada raised their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research note on Friday, October 10th. Finally, Shore Capital reissued a “hold” rating and issued a GBX 84 target price on shares of Lloyds Banking Group in a report on Wednesday, November 19th.

Lloyds Banking Group Trading Down 0.1%

Lloyds Banking Group stock opened at GBX 102.10 on Friday. The firm has a market capitalization of £59.99 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a twelve month low of GBX 57.50 and a twelve month high of GBX 102.85. The stock’s fifty day simple moving average is GBX 95.88 and its 200-day simple moving average is GBX 86.86.

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