Lloyds Banking Group plc (LON: LLOY) receives an average “moderate buy” recommendation from brokerages


Lloyds Banking Group plc (LON: LLOYGet a rating) earned a consensus “moderate buy” recommendation from the ten analysts currently covering the stock, Market Beat Ratings reports. One financial analyst gave the stock a sell rating, two issued a hold rating and five gave the company a buy rating. The 12-month average price target among analysts who have reported on the stock over the past year is 55.43 GBX ($0.68).

A number of research companies have weighed in on LLOY. Royal Bank of Canada downgraded Lloyds Banking Group to an “underperforming” rating and lowered its price target for the company from GBX 45 ($0.55) to GBX 44 ($0.54) in a note research on Wednesday, March 30. JPMorgan Chase & Co. raised its price target on Lloyds Banking Group from GBX 60 ($0.74) to GBX 61 ($0.75) and gave the company an “overweight” rating in a research note Thursday, May 19. Shore Capital reaffirmed a “buy” rating on Lloyds Banking Group shares in a Thursday May 19 research note. Berenberg Bank reiterated a “hold” rating and set a target price of GBX 52 ($0.64) on Lloyds Banking Group shares in a Friday May 6 research note. Finally, Morgan Stanley reiterated an “overweight” rating on Lloyds Banking Group shares in a Wednesday May 11 research note.

LLOY Stock opened at GBX 43.29 ($0.53) on Wednesday. The company has a 50-day rolling average price of 44.39 GBX and a 200-day rolling average price of 47.31 GBX. The company has a market capitalization of £30.14 billion and a price to earnings ratio of 6.02. Lloyds Banking Group has a 12-month low of 38.10 GBX ($0.47) and a 12-month high of 56 GBX ($0.69).

In other news, insider Harmeen Mehta bought 20,000 Lloyds Banking Group shares in a trade that took place on Monday, May 9. The share was acquired at an average cost of 43 GBX ($0.53) per share, for a total transaction of £8,600 ($10,550.85). Additionally, insider William Chalmers acquired 149,910 shares of the company in a trade on Wednesday, June 22. The share was bought at an average cost of 43 GBX ($0.53) per share, with a total value of £64,461.30 ($79,083.92).

Lloyds Banking Group Company Profile (Get a rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the UK. It operates through three segments: Retail; The Commercial Bank; and insurance and heritage. The Retail segment offers a range of financial services products, including current accounts, savings accounts, mortgages, auto finance, unsecured loans, leasing solutions and credit cards to individuals and to small businesses.

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