Lloyds Banking Group plc (LON:LLOY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Lloyds Banking Group plc (LON:LLOY) has received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 113.44.

A number of equities research analysts have recently issued reports on the company. Shore Capital Group restated a “sell” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Citigroup increased their price objective on Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 120 price objective on shares of Lloyds Banking Group in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price objective on Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 125 price objective on shares of Lloyds Banking Group in a research report on Wednesday, April 29th.

Lloyds Banking Group Price Performance

LLOY stock opened at GBX 104.50 on Wednesday. The business has a 50 day simple moving average of GBX 99.45 and a 200-day simple moving average of GBX 99.36. The firm has a market capitalization of £60.89 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.92. Lloyds Banking Group has a 1 year low of GBX 72.85 and a 1 year high of GBX 114.60.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 earnings per share (EPS) for the quarter. The business had revenue of GBX 478.50 billion during the quarter. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%. On average, equities research analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current year.

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.