Lloyds Banking Group PLC (NYSE:LYG) Stock Has Average Target Price of $6.00 According to Analysts

Lloyds Banking Group PLC (NYSE:LYG) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.00.

LYG has been the topic of several recent research reports. Royal Bank Of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 16th. Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a research report on Wednesday, September 2nd. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from a “moderate buy” rating to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Sunday, September 27th. Finally, Weiss Ratings raised shares of Lloyds Banking Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LYG. Financial Network Wealth Advisors LLC lifted its stake in Lloyds Banking Group by 111.3% during the third quarter. Financial Network Wealth Advisors LLC now owns 4,641 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 2,445 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Lloyds Banking Group by 131.2% in the first quarter. Cornerstone Planning Group LLC now owns 5,137 shares of the financial services provider’s stock valued at $27,000 after buying an additional 2,915 shares in the last quarter. Guardian Partners Inc. acquired a new stake in shares of Lloyds Banking Group in the third quarter valued at $32,000. Eastern Bank purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at $43,000. Finally, Latitude Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at $56,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $5.25 on Friday. The business’s 50 day moving average price is $5.70 and its 200 day moving average price is $5.63. The company has a market cap of $75.52 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.58 and a beta of 0.91. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.56 and a current ratio of 1.52. Lloyds Banking Group has a one year low of $4.51 and a one year high of $6.34.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, October 29th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Lloyds Banking Group had a return on equity of 10.94% and a net margin of 24.97%. The company had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.06 billion. On average, research analysts predict that Lloyds Banking Group will post 0.54 EPS for the current year.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based financial services group whose American depositary shares trade on the New York Stock Exchange under the symbol LYG. The group provides banking, lending, insurance, pensions and investment services to individuals, businesses and institutional customers.

Its principal brands include Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Products and services include current and savings accounts, residential mortgages, personal and business loans, credit cards, commercial banking, asset finance, life insurance, pensions and investment solutions.

Lloyds Banking Group was formed in 2009 through the acquisition of HBOS by Lloyds TSB.