Lloyds Banking Group (LON:LLOY) Announces Quarterly Earnings Results

Key Points

• Quarterly results: Lloyds reported earnings of GBX 7 EPS for the quarter, with a net margin of 16.66% and a return on equity of 11.22%.
• Market move and valuation: Shares rose about 1.9% to GBX 106.50 on heavy volume; the stock has a market cap of £62.58bn, a P/E of 18.68, and a one-year range of GBX 60.30–106.93.
• Analyst sentiment: Broker coverage is broadly positive (five Buy vs. four Hold) with an average rating of "Moderate Buy" and an average price target of GBX 104.33, including recent upgrades such as RBC raising its target to GBX 110.

Lloyds Banking Group (LON:LLOY - Get Free Report) issued its earnings results on Thursday. The financial services provider reported GBX 7 EPS for the quarter, reports. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%.

Lloyds Banking Group Stock Up 1.9%

Lloyds Banking Group stock traded up GBX 2 during trading hours on Thursday, hitting GBX 106.50. The stock had a trading volume of 1,938,564,375 shares, compared to its average volume of 227,374,609. The business's 50 day simple moving average is GBX 97.63 and its 200-day simple moving average is GBX 88.40. Lloyds Banking Group has a one year low of GBX 60.30 and a one year high of GBX 106.93. The stock has a market cap of £62.58 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.84 and a beta of 1.23.

Analyst Ratings Changes

LLOY has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an "outperform" rating in a research report on Tuesday, October 28th. Jefferies Financial Group reissued a "buy" rating and set a GBX 105 price target on shares of Lloyds Banking Group in a report on Tuesday, October 28th. UBS Group restated a "neutral" rating and set a GBX 103 price objective on shares of Lloyds Banking Group in a research report on Friday, January 23rd. Shore Capital reiterated a "hold" rating and issued a GBX 84 target price on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. Finally, Citigroup boosted their target price on Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a "neutral" rating in a research note on Monday, December 1st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 104.33.

Lloyds Banking Group Company Profile

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.

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