Lloyds Banking Group plc (LON:LLOY) Given Consensus Rating of “Hold” by Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 55.50 ($0.70).

LLOY has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 60 ($0.76) price objective on shares of Lloyds Banking Group in a report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 55 ($0.70) target price on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Finally, Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd.

Lloyds Banking Group Trading Down 1.6 %

Shares of LON:LLOY opened at GBX 55.32 ($0.70) on Wednesday. The company has a 50 day moving average of GBX 57.72 and a 200-day moving average of GBX 57.05. The firm has a market cap of £33.89 billion, a P/E ratio of 790.29, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a twelve month low of GBX 41 ($0.52) and a twelve month high of GBX 63.47 ($0.81).

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.