Lloyds Banking Group (LON:LLOY) Releases Earnings Results

Lloyds Banking Group (LON:LLOY) issued its quarterly earnings data on Thursday. The financial services provider reported GBX 7 earnings per share for the quarter, reports. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%.

Lloyds Banking Group Price Performance

Shares of Lloyds Banking Group stock traded up GBX 2 during trading on Thursday, reaching GBX 106.50. 1,938,564,375 shares of the company traded hands, compared to its average volume of 227,374,609. The firm has a market capitalization of £62.58 billion, a PE ratio of 18.68, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 1-year low of GBX 60.30 and a 1-year high of GBX 106.93. The company has a 50 day moving average price of GBX 97.63 and a 200-day moving average price of GBX 88.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a “neutral” rating in a research note on Monday, December 1st. Shore Capital reissued a “hold” rating and set a GBX 84 target price on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. UBS Group restated a “neutral” rating and issued a GBX 103 price target on shares of Lloyds Banking Group in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada lifted their target price on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Lloyds Banking Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 104.33.

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.