Lloyds Banking Group plc (LON:LLOY) Receives GBX 107.78 Consensus PT from Brokerages

Lloyds Banking Group plc (LON:LLOY) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 107.78.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Citigroup raised their price target on shares of Lloyds Banking Group from GBX 98 to GBX 106 and gave the company a “neutral” rating in a report on Monday, February 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 105 price objective on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Royal Bank Of Canada upped their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 103 target price on shares of Lloyds Banking Group in a research report on Friday, January 23rd.

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 101.40 on Thursday. Lloyds Banking Group has a 12 month low of GBX 60.78 and a 12 month high of GBX 114.60. The stock’s 50-day moving average is GBX 101.12 and its two-hundred day moving average is GBX 91.13. The stock has a market cap of £59.69 billion, a PE ratio of 14.70, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, January 29th. The financial services provider reported GBX 7 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. On average, research analysts anticipate 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.