Analysts Set Lloyds Banking Group plc (LON:LLOY) Price Target at GBX 55.50

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 55.50 ($0.70).

Several equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 60 ($0.75) target price on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 55 ($0.69) price objective on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th.

Lloyds Banking Group Stock Down 1.1 %

Shares of Lloyds Banking Group stock opened at GBX 54.42 ($0.68) on Wednesday. The firm has a market cap of £33.34 billion, a price-to-earnings ratio of 777.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52-week low of GBX 41 ($0.51) and a 52-week high of GBX 63.47 ($0.80). The company’s 50-day simple moving average is GBX 57.55 and its 200-day simple moving average is GBX 57.04.

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.