Lloyds Banking Group plc (LON:LLOY) Given Average Recommendation of "Hold" by Analysts

Lloyds Banking Group plc (LON:LLOY - Get Free Report) has been given a consensus recommendation of "Hold" by the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 56.86 ($0.74).

Several equities research analysts recently commented on LLOY shares. JPMorgan Chase & Co. lifted their target price on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an "underweight" rating in a research report on Wednesday, July 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a GBX 60 ($0.78) price objective on shares of Lloyds Banking Group in a research note on Thursday. Shore Capital reaffirmed a "hold" rating on shares of Lloyds Banking Group in a report on Wednesday. Citigroup reissued a "neutral" rating on shares of Lloyds Banking Group in a research note on Thursday. Finally, Berenberg Bank reaffirmed 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.

Lloyds Banking Group Stock Down 7.3 %

Lloyds Banking Group stock traded down GBX 4.54 ($0.06) during trading hours on Friday, hitting GBX 57.66 ($0.75). The stock had a trading volume of 291,153,182 shares, compared to its average volume of 156,319,547. The stock has a market cap of £35.33 billion, a price-to-earnings ratio of 823.71, a P/E/G ratio of 1.84 and a beta of 1.23. The business's 50 day simple moving average is GBX 58.84 and its 200-day simple moving average is GBX 56.60. Lloyds Banking Group has a one year low of GBX 39.61 ($0.51) and a one year high of GBX 63.47 ($0.82).

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.