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

Shares of Lloyds Banking Group plc (LON:LLOY) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 113.44.

LLOY has been the subject of several research reports. Shore Capital Group reiterated a “sell” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 125 price objective on shares of Lloyds Banking Group in a research note on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research note on Monday, April 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 120 price objective on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Finally, Citigroup upped their price target on Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a research report on Thursday, April 30th.

Lloyds Banking Group Trading Up 0.4%

LON:LLOY opened at GBX 104.50 on Wednesday. Lloyds Banking Group has a 12 month low of GBX 72.85 and a 12 month high of GBX 114.60. The stock has a 50 day moving average of GBX 99.45 and a two-hundred day moving average of GBX 99.36. The firm has a market cap of £60.89 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.92.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported GBX 2.40 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%.The company had revenue of GBX 478.50 billion during the quarter. On average, research analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Lloyds Banking Group Company Profile

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.