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

Lloyds Banking Group plc (LON:LLOY) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 55.33 ($0.70).

Several research analysts have recently issued reports on LLOY shares. Peel Hunt started coverage on shares of Lloyds Banking Group in a report on Friday, April 19th. They set a “hold” rating and a GBX 55 ($0.70) price objective on the stock. Shore Capital restated a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lloyds Banking Group from GBX 41 ($0.52) to GBX 45 ($0.57) and gave the stock an “underweight” rating in a report on Tuesday, April 9th.

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 56.30 ($0.71) on Friday. The company has a market capitalization of £35.47 billion, a PE ratio of 802.57, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Lloyds Banking Group has a one year low of GBX 39.42 ($0.50) and a one year high of GBX 57.39 ($0.73). The company’s fifty day moving average price is GBX 54.16 and its 200 day moving average price is GBX 49.46.

Lloyds Banking Group Company Profile

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.