Lloyds Banking Group’s (LLOY) Hold Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a report published on Wednesday morning, Marketbeat Ratings reports.

A number of other equities analysts have also issued reports on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 56.33 ($0.73).

Lloyds Banking Group Stock Up 1.4 %

LON:LLOY opened at GBX 62.50 ($0.81) on Wednesday. The firm has a market cap of £38.29 billion, a PE ratio of 880.29, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12 month low of GBX 39.54 ($0.51) and a 12 month high of GBX 63.47 ($0.82). The company’s 50-day moving average price is GBX 58.80 and its two-hundred day moving average price is GBX 56.53.

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.