Lloyds Banking Group (LON:LLOY) Stock Rating Reaffirmed by Shore Capital

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating reaffirmed by Shore Capital in a research report issued on Wednesday, MarketBeat Ratings reports.

Several other analysts also recently issued reports on LLOY. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. Berenberg Bank reiterated a “hold” rating and set a GBX 55 ($0.71) price objective on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Performance

Shares of LLOY stock opened at GBX 62.20 ($0.81) on Wednesday. The stock has a fifty day simple moving average of GBX 58.80 and a two-hundred day simple moving average of GBX 56.53. Lloyds Banking Group has a 52-week low of GBX 39.54 ($0.51) and a 52-week high of GBX 63.47 ($0.82). The firm has a market capitalization of £38.11 billion, a PE ratio of 887.43, a PEG ratio of 1.84 and a beta of 1.23.

About Lloyds Banking Group

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.