Lloyds Banking Group plc (LON:LLOY) Receives GBX 113.80 Consensus Target Price from Analysts

Lloyds Banking Group plc (LON:LLOY) has received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 113.80.

A number of equities research analysts have recently weighed in on LLOY shares. Citigroup boosted their target price on Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a research note on Thursday, April 30th. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price target on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Berenberg Bank reiterated a “hold” rating and issued a GBX 117 price objective on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 120 price objective on shares of Lloyds Banking Group in a research report on Thursday, April 30th.

Lloyds Banking Group Stock Performance

LLOY stock opened at GBX 110.82 on Friday. The firm has a market cap of £64.46 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.84 and a beta of 0.91. The firm’s fifty day moving average is GBX 104.40 and its 200 day moving average is GBX 101.69. Lloyds Banking Group has a 52 week low of GBX 74.43 and a 52 week high of GBX 116.

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