Lloyds Banking Group plc (LON:LLOY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Lloyds Banking Group plc (LON:LLOY) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 113.80.

Several equities research analysts have issued reports on LLOY shares. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Berenberg Bank reiterated a “hold” rating and set a GBX 117 target price on shares of Lloyds Banking Group in a research note on Wednesday, June 24th. Citigroup lifted their price target on Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 120 price target on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. decreased their price objective on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating on the stock in a report on Monday, April 13th.

Lloyds Banking Group Stock Up 0.9%

Shares of LLOY traded up GBX 1.02 during trading hours on Friday, hitting GBX 112.72. The company had a trading volume of 103,142,383 shares, compared to its average volume of 183,706,984. The business has a fifty day moving average of GBX 103.04 and a 200-day moving average of GBX 101.18. The firm has a market cap of £65.57 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a 12 month low of GBX 74.43 and a 12 month high of GBX 116.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 EPS for the quarter. Lloyds Banking Group had a net margin of 25.91% and a return on equity of 10.75%. The business had revenue of GBX 478.50 billion during the quarter. On average, equities analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

About Lloyds Banking Group

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.