Lloyds Banking Group (LON:LLOY) Earns Sector perform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Lloyds Banking Group (LON:LLOY) in a research report report published on Thursday, Marketbeat Ratings reports. The firm currently has a GBX 60 ($0.78) price target on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a research note on Wednesday, July 3rd. Finally, Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Performance

Shares of LLOY stock opened at GBX 57.66 ($0.75) on Thursday. The company has a market capitalization of £35.33 billion, a price-to-earnings ratio of 823.71, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52-week low of GBX 39.61 ($0.51) and a 52-week high of GBX 63.47 ($0.82). The company has a 50-day simple moving average of GBX 58.84 and a two-hundred day simple moving average of GBX 56.60.

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.