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

Shares of Lloyds Banking Group plc (LON:LLOY) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 55.50 ($0.70).

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.75) price target on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Berenberg Bank restated a “hold” rating and issued a GBX 55 ($0.69) target price on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd.

Lloyds Banking Group Price Performance

LON:LLOY opened at GBX 53.22 ($0.67) on Wednesday. Lloyds Banking Group has a 12-month low of GBX 41 ($0.52) and a 12-month high of GBX 63.47 ($0.80). The business has a 50 day simple moving average of GBX 57.38 and a 200 day simple moving average of GBX 57.09. The firm has a market capitalization of £32.61 billion, a P/E ratio of 763.14, a P/E/G ratio of 1.84 and a beta of 1.23.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.