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

Shares of Lloyds Banking Group plc (LON:LLOY) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 101.57.

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 120 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods restated an “outperform” rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research report on Friday, October 10th. Citigroup lifted their price objective on Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a “neutral” rating in a research note on Monday, December 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 105 target price on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their target price on Lloyds Banking Group from GBX 100 to GBX 102 and gave the company a “neutral” rating in a report on Tuesday, December 2nd.

Lloyds Banking Group Trading Down 0.1%

Shares of LON:LLOY opened at GBX 102.10 on Friday. The company has a market capitalization of £59.99 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12-month low of GBX 57.50 and a 12-month high of GBX 102.85. The business has a 50-day moving average price of GBX 95.88 and a 200 day moving average price of GBX 86.86.

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

Lloyds Banking Group Company Profile

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.