Lloyds Banking Group plc (LON:LLOY) Receives GBX 60.60 Consensus PT from Analysts

Lloyds Banking Group plc (LON:LLOY) has received an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 60.60 ($0.78).

A number of equities analysts have recently issued reports on LLOY shares. Citigroup raised their price objective on Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the stock a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their target price on Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the stock an “underweight” rating in a report on Tuesday, February 25th. Finally, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, February 20th.

Lloyds Banking Group Stock Down 1.3 %

LON:LLOY opened at GBX 70.58 ($0.91) on Monday. The stock’s 50-day simple moving average is GBX 65.04 and its 200 day simple moving average is GBX 59.37. The firm has a market capitalization of £42.80 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a twelve month low of GBX 49.42 ($0.64) and a twelve month high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. On average, analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 20th. Investors of record on Thursday, April 10th will be given a dividend of GBX 2.11 ($0.03) per share. This is a boost from Lloyds Banking Group’s previous dividend of $1.06. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 3.01%. Lloyds Banking Group’s payout ratio is presently 37.95%.

About Lloyds Banking Group

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.