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

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 56.86 ($0.74).

LLOY has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the company an “underweight” rating in a research report on Wednesday, July 3rd. Berenberg Bank restated a “hold” rating and set a GBX 55 ($0.71) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday. Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 60 ($0.78) price objective on shares of Lloyds Banking Group in a report on Thursday.

Lloyds Banking Group Stock Performance

LLOY opened at GBX 57.66 ($0.75) on Friday. The firm has a market cap of £35.33 billion, a P/E ratio of 823.71, a PEG ratio of 1.84 and a beta of 1.23. The firm has a 50-day moving average of GBX 58.87 and a 200 day moving average of GBX 56.57. Lloyds Banking Group has a fifty-two week low of GBX 39.61 ($0.51) and a fifty-two week high of GBX 63.47 ($0.82).

About Lloyds Banking Group

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.