Lloyds Banking Group plc (LON:LLOY) Receives GBX 55.33 Consensus PT from Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have received an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 55.33 ($0.71).

Several equities research analysts have issued reports on LLOY shares. Berenberg Bank increased their price target on Lloyds Banking Group from GBX 55 ($0.70) to GBX 58 ($0.74) and gave the stock a “hold” rating in a report on Thursday, February 22nd. Jefferies Financial Group restated a “buy” rating and issued a GBX 59 ($0.75) price target on shares of Lloyds Banking Group in a report on Friday, February 16th. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, April 24th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group to a “market perform” rating and set a GBX 50 ($0.64) price objective for the company in a report on Monday, February 12th. Finally, Peel Hunt started coverage on Lloyds Banking Group in a report on Friday, April 19th. They set a “hold” rating and a GBX 55 ($0.70) price objective for the company.

Lloyds Banking Group Trading Up 0.5 %

LON:LLOY opened at GBX 55.80 ($0.71) on Wednesday. Lloyds Banking Group has a 1-year low of GBX 39.42 ($0.50) and a 1-year high of GBX 57.39 ($0.73). The business’s 50-day moving average price is GBX 53.04 and its two-hundred day moving average price is GBX 48.06. The firm has a market capitalization of £35.16 billion, a price-to-earnings ratio of 793.14, a PEG ratio of 1.89 and a beta of 1.23.

Insider Activity

In other Lloyds Banking Group news, insider William Chalmers purchased 128,118 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were bought at an average price of GBX 52 ($0.66) per share, for a total transaction of £66,621.36 ($85,084.75). Corporate insiders own 0.17% of the company’s stock.

Lloyds Banking Group Company Profile

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