Lloyds Banking Group plc (LON:LLOY) Receives GBX 113.80 Average PT from Brokerages

Lloyds Banking Group plc (LON:LLOY) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 113.80.

A number of analysts have recently weighed in on the company. Citigroup increased their price objective on Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a research note on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 120 price target on shares of Lloyds Banking Group in a report on Thursday, April 30th. Berenberg Bank reissued a “hold” rating and set a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating on the stock in a report on Monday, April 13th.

Lloyds Banking Group Trading Up 0.1%

LON LLOY opened at GBX 112.65 on Friday. The firm has a market cap of £65.52 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a 1-year low of GBX 74.43 and a 1-year high of GBX 116. The stock has a 50-day moving average of GBX 104.17 and a 200-day moving average of GBX 101.63.

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 for the quarter. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%. As a group, equities research analysts forecast 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.