Royal Bank of Canada Reiterates “Sector perform” Rating for Lloyds Banking Group (LON:LLOY)

Royal Bank of Canada reissued their sector perform rating on shares of Lloyds Banking Group (LON:LLOY) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a GBX 60 ($0.78) price objective on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 55 ($0.71) price target on shares of Lloyds Banking Group in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their target price 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, Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Down 1.7 %

Shares of LLOY opened at GBX 61 ($0.79) on Thursday. Lloyds Banking Group has a 12-month low of GBX 39.61 ($0.51) and a 12-month high of GBX 63.47 ($0.82). The firm has a market capitalization of £37.37 billion, a PE ratio of 823.71, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The stock’s fifty day simple moving average is GBX 58.84 and its 200-day simple moving average is GBX 56.62.

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.