Brokerages Set Lloyds Banking Group plc (LON:LLOY) PT at GBX 114.20

Lloyds Banking Group plc (LON:LLOY) has been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 114.20.

Several analysts have recently commented on LLOY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 125 price target on shares of Lloyds Banking Group in a research note on Friday, July 31st. Berenberg Bank reaffirmed a “hold” rating and set a GBX 117 price objective on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Citigroup increased their price objective on Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a research report on Thursday, April 30th. Shore Capital Group reissued a “sell” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their target price on Lloyds Banking Group from GBX 120 to GBX 124 and gave the stock an “outperform” rating in a research report on Friday, July 31st.

Lloyds Banking Group Stock Up 1.0%

Lloyds Banking Group stock opened at GBX 116.37 on Thursday. The stock has a 50-day simple moving average of GBX 110.15 and a 200 day simple moving average of GBX 103.48. The stock has a market capitalization of £67.56 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a 12-month low of GBX 77.38 and a 12-month high of GBX 117.90.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. As a group, sell-side analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Lloyds Banking Group Company Profile

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.