Lloyds Banking Group’s (LLOY) Neutral Rating Reiterated at Citigroup

Citigroup reiterated their neutral rating on shares of Lloyds Banking Group (LON:LLOY) in a research report released on Thursday morning, Marketbeat reports.

LLOY has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 60 ($0.78) price target on shares of Lloyds Banking Group in a report on Thursday. Berenberg Bank reissued a “hold” rating and issued a GBX 55 ($0.71) price objective on shares of Lloyds Banking Group in a research note on Wednesday, August 21st. Finally, Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Performance

LON LLOY opened at GBX 57.66 ($0.75) on Thursday. The business’s 50 day moving average price is GBX 58.84 and its 200-day moving average price is GBX 56.60. 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). The company has a market cap of £35.33 billion, a P/E ratio of 823.71, a P/E/G ratio of 1.84 and a beta of 1.23.

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.