Citigroup Reaffirms “Neutral” Rating for Lloyds Banking Group (LON:LLOY)

Lloyds Banking Group (LON:LLOY)‘s stock had its “neutral” rating reissued by research analysts at Citigroup in a research report issued on Monday, Marketbeat Ratings reports.

Several other research analysts also recently commented on LLOY. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on Lloyds Banking Group from GBX 50 ($0.66) to GBX 54 ($0.71) and gave the company an “underweight” rating in a research note on Wednesday, July 3rd. Finally, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and an average price target of GBX 56.33 ($0.74).

Lloyds Banking Group Price Performance

Shares of LON:LLOY opened at GBX 57.26 ($0.75) on Monday. The business has a 50-day moving average of GBX 57.97 and a two-hundred day moving average of GBX 54.08. Lloyds Banking Group has a fifty-two week low of GBX 39.42 ($0.52) and a fifty-two week high of GBX 61.72 ($0.81). The stock has a market capitalization of £35.39 billion, a P/E ratio of 818.00, a P/E/G ratio of 1.98 and a beta of 1.26.

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.