Lloyds Banking Group plc (LON:LLOY) Receives GBX 55.50 Consensus Price Target from Brokerages

Posted by ABMN Staff on Dec 18th, 2024

Lloyds Banking Group plc (LON:LLOY – Get Free Report) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 55.50 ($0.71).

Several analysts have weighed in on LLOY shares. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 60 ($0.76) price target on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 55 ($0.70) target price on shares of Lloyds Banking Group in a research report on Wednesday, August 21st.

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Lloyds Banking Group Price Performance

LLOY opened at GBX 54.22 ($0.69) on Friday. Lloyds Banking Group has a one year low of GBX 41 ($0.52) and a one year high of GBX 63.47 ($0.81). The business has a 50 day simple moving average of GBX 56.22 and a two-hundred day simple moving average of GBX 56.93. The firm has a market capitalization of £33.22 billion, a price-to-earnings ratio of 791.14, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group Company Profile

(Get Free Report

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.