Lloyds Banking Group plc (LON:LLOY) Receives GBX 55.33 Consensus Target Price from Brokerages

Lloyds Banking Group plc (LON:LLOY) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 55.33 ($0.70).

A number of research firms have commented on LLOY. Peel Hunt started coverage on shares of Lloyds Banking Group in a report on Friday, April 19th. They issued a “hold” rating and a GBX 55 ($0.70) price objective for the company. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on Lloyds Banking Group from GBX 41 ($0.52) to GBX 45 ($0.57) and gave the company an “underweight” rating in a report on Tuesday, April 9th.

Lloyds Banking Group Stock Down 2.4 %

Shares of LON LLOY opened at GBX 54.74 ($0.69) on Friday. The firm has a 50-day simple moving average of GBX 54.34 and a 200-day simple moving average of GBX 49.59. The stock has a market capitalization of £34.49 billion, a price-to-earnings ratio of 782.00, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.50) and a 52 week high of GBX 57.39 ($0.73).

Lloyds Banking Group Company Profile

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.