Lloyds Banking Group plc (LON:LLOY) Receives GBX 98.50 Average Price Target from Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 98.50.

LLOY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Lloyds Banking Group from GBX 100 to GBX 102 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research note on Friday, October 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 105 price target on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Shore Capital reiterated a “hold” rating and set a GBX 84 price target on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Finally, Royal Bank Of Canada boosted their price objective on Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a research note on Tuesday, October 28th.

Lloyds Banking Group Trading Up 0.4%

LON LLOY opened at GBX 97.38 on Wednesday. The firm has a market capitalization of £57.26 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business’s 50-day moving average price is GBX 92.17 and its two-hundred day moving average price is GBX 84.43. Lloyds Banking Group has a 12 month low of GBX 52.44 and a 12 month high of GBX 98.03.

Lloyds Banking Group (LON:LLOY) last issued its quarterly earnings data on Thursday, December 11th. The financial services provider reported GBX 6.30 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. As a group, analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal 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.