Shore Capital Group Reaffirms “Sell” Rating for Lloyds Banking Group (LON:LLOY)

Lloyds Banking Group (LON:LLOYGet Free Report)‘s stock had its “sell” rating reaffirmed by stock analysts at Shore Capital Group in a report issued on Thursday,London Stock Exchange reports.

A number of other brokerages also recently commented on LLOY. JPMorgan Chase & Co. raised their price objective on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft dropped their target price on Lloyds Banking Group to GBX 125 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. UBS Group reissued a “neutral” rating and set a GBX 103 target price on shares of Lloyds Banking Group in a research note on Friday, January 23rd. Citigroup raised their price target on Lloyds Banking Group from GBX 98 to GBX 106 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Barclays upped their price objective on Lloyds Banking Group from GBX 100 to GBX 120 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lloyds Banking Group presently has an average rating of “Hold” and an average price target of GBX 107.78.

Read Our Latest Research Report on LLOY

Lloyds Banking Group Stock Performance

Shares of LLOY opened at GBX 97.94 on Thursday. The stock has a market capitalization of £57.53 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.84 and a beta of 0.93. Lloyds Banking Group has a 1 year low of GBX 60.78 and a 1 year high of GBX 114.60. The company’s fifty day moving average is GBX 100.28 and its two-hundred day moving average is GBX 94.69.

Lloyds Banking Group (LON:LLOYGet Free Report) last released its earnings results on Thursday, January 29th. The financial services provider reported GBX 7 EPS for the quarter. Lloyds Banking Group had a net margin of 24.49% and a return on equity of 9.93%. Sell-side analysts predict that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Lloyds Banking Group News Roundup

Here are the key news stories impacting Lloyds Banking Group this week:

About Lloyds Banking Group

(Get Free Report)

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.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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