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

Shares of Lloyds Banking Group plc (LON:LLOY) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 114.20.

A number of brokerages have recently weighed in on LLOY. Berenberg Bank reissued a “hold” rating and set a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 125 price objective on shares of Lloyds Banking Group in a report on Friday, July 31st. Citigroup increased their target price on Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped 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.

Lloyds Banking Group Stock Performance

LON:LLOY opened at GBX 115.90 on Thursday. The company has a 50-day moving average of GBX 108.72 and a 200-day moving average of GBX 103.04. The company has a market capitalization of £67.41 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a 52 week low of GBX 77.38 and a 52 week high of GBX 117.90.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. Sell-side analysts forecast that Lloyds Banking Group will post 7.3199528 EPS for the current 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.