Lloyds Banking Group’s (LLOY) “Hold” Rating Reiterated at Shore Capital

Shore Capital reissued their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Wednesday, MarketBeat.com reports.

LLOY has been the topic of a number of other reports. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 2nd. JPMorgan Chase & Co. increased their price objective on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the company an “underweight” rating in a research note on Wednesday, July 3rd. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Performance

Shares of LLOY opened at GBX 57.66 ($0.75) on Wednesday. The company’s 50-day simple moving average is GBX 58.87 and its 200-day simple moving average is GBX 56.57. Lloyds Banking Group has a 1 year low of GBX 39.61 ($0.51) and a 1 year high of GBX 63.47 ($0.82). The stock has a market capitalization of £35.33 billion, a PE ratio of 871.41, a P/E/G ratio of 1.84 and a beta of 1.23.

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.