Lloyds Banking Group plc (NYSE:LYG) Receives $55.67 Consensus PT from Analysts

Lloyds Banking Group plc (NYSE:LYGGet Rating) has been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $55.67.

Several research firms have issued reports on LYG. Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 27th. Royal Bank of Canada boosted their price objective on shares of Lloyds Banking Group from GBX 44 ($0.53) to GBX 45 ($0.54) in a research note on Thursday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Lloyds Banking Group from GBX 60 ($0.72) to GBX 61 ($0.73) in a research note on Thursday, May 19th. StockNews.com initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, UBS Group upped their price target on shares of Lloyds Banking Group from GBX 58 ($0.70) to GBX 61 ($0.73) in a report on Thursday, April 28th.

Lloyds Banking Group Stock Down 1.4 %

Shares of NYSE LYG opened at $2.09 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.71. Lloyds Banking Group has a 52 week low of $1.90 and a 52 week high of $3.00. The firm has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.37. The stock has a market capitalization of $36.07 billion, a price-to-earnings ratio of 5.36, a price-to-earnings-growth ratio of 0.20 and a beta of 1.29.

Lloyds Banking Group (NYSE:LYGGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Lloyds Banking Group had a net margin of 25.36% and a return on equity of 11.10%. The business had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.20 billion. Equities research analysts anticipate that Lloyds Banking Group will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Lloyds Banking Group

Several institutional investors have recently modified their holdings of LYG. National Asset Management Inc. bought a new position in shares of Lloyds Banking Group during the first quarter worth about $25,000. Summit Trail Advisors LLC bought a new position in shares of Lloyds Banking Group during the fourth quarter worth about $26,000. Straight Path Wealth Management bought a new position in shares of Lloyds Banking Group during the second quarter worth about $26,000. Kestra Private Wealth Services LLC bought a new position in shares of Lloyds Banking Group during the fourth quarter worth about $27,000. Finally, Radnor Capital Management LLC bought a new position in Lloyds Banking Group in the 1st quarter valued at about $27,000. Institutional investors own 1.41% of the company’s stock.

About Lloyds Banking Group

(Get Rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. 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 and small business customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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