Lloyds Banking Group (LON:LLOY) Receives Neutral Rating from Citigroup

Lloyds Banking Group (LON:LLOY)‘s stock had its “neutral” rating reissued by research analysts at Citigroup in a report released on Thursday, MarketBeat Ratings reports.

LLOY has been the subject of a number of other research reports. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 55 ($0.71) price target on shares of Lloyds Banking Group in a research note on Wednesday, August 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 60 ($0.78) price objective on shares of Lloyds Banking Group in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Down 7.3 %

LLOY stock opened at GBX 57.66 ($0.75) on Thursday. The firm has a market cap of £35.33 billion, a price-to-earnings ratio of 871.41, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a twelve month low of GBX 39.61 ($0.51) and a twelve month high of GBX 63.47 ($0.82). The business’s fifty day simple moving average is GBX 58.87 and its two-hundred day simple moving average is GBX 56.57.

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.