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

Shares of Lloyds Banking Group plc (LON:LLOY) have received an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 55.50 ($0.70).

LLOY has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 60 ($0.76) price target on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.69) price objective on shares of Lloyds Banking Group in a report on Wednesday, August 21st.

Lloyds Banking Group Stock Performance

Shares of LLOY opened at GBX 54.32 ($0.68) on Wednesday. Lloyds Banking Group has a twelve month low of GBX 41 ($0.52) and a twelve month high of GBX 63.47 ($0.80). The firm’s 50 day moving average price is GBX 57.55 and its two-hundred day moving average price is GBX 57.09. The firm has a market cap of £33.28 billion, a P/E ratio of 777.43, a PEG 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.