Lloyds Banking Group plc (LON:LLOY) Receives Average Rating of “Hold” from Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have received an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 107.78.

A number of analysts recently weighed in on the stock. 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. Barclays lifted their target price on Lloyds Banking Group from GBX 100 to GBX 120 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft cut their price target on Lloyds Banking Group to GBX 125 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. UBS Group reiterated a “neutral” rating and issued a GBX 103 price objective on shares of Lloyds Banking Group in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the company a “neutral” rating in a research report on Tuesday, January 20th.

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 95.23 on Monday. The company has a market capitalization of £56.06 billion, a P/E ratio of 13.80, a PEG ratio of 1.84 and a beta of 0.93. Lloyds Banking Group has a one year low of GBX 60.78 and a one year high of GBX 114.60. The business’s 50 day simple moving average is GBX 102.58 and its 200-day simple moving average is GBX 93.03.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, January 29th. The financial services provider reported GBX 7 EPS for the quarter. Lloyds Banking Group had a return on equity of 9.93% and a net margin of 24.49%. On average, sell-side analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal 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.