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

Lloyds Banking Group plc (LON:LLOYGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 113.44.

Several brokerages recently commented on LLOY. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 120 target price on shares of Lloyds Banking Group in a report on Thursday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating on the stock in a report on Monday, April 13th. Shore Capital Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a report on Wednesday, April 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 103 target price on shares of Lloyds Banking Group in a report on Friday, January 23rd.

Check Out Our Latest Research Report on LLOY

Lloyds Banking Group Trading Up 1.1%

LLOY opened at GBX 99.60 on Friday. Lloyds Banking Group has a 1-year low of GBX 72.85 and a 1-year high of GBX 114.60. The stock’s fifty day simple moving average is GBX 97.36 and its 200 day simple moving average is GBX 98.14. The stock has a market cap of £58.15 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94.

Lloyds Banking Group (LON:LLOYGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 earnings per share for the quarter. The business had revenue of GBX 478.50 billion for the quarter. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%. Equities analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

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About Lloyds Banking Group

(Get Free Report)

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.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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