Lloyds Banking Group plc (LON:LLOY - Get Free Report) shares traded up 2.4% on Wednesday . The company traded as high as GBX 55.54 ($0.70) and last traded at GBX 54.22 ($0.69). 490,155,289 shares were traded during mid-day trading, an increase of 211% from the average session volume of 157,355,188 shares. The stock had previously closed at GBX 52.94 ($0.67).
Wall Street Analyst Weigh In
LLOY has been the subject of a number of analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a GBX 60 ($0.76) price objective on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Berenberg Bank reiterated a "hold" rating and set a GBX 55 ($0.70) price target on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Shore Capital reissued a "hold" rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. Finally, Citigroup reiterated a "neutral" rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of GBX 55.50 ($0.70).
Check Out Our Latest Stock Report on Lloyds Banking Group
Lloyds Banking Group Stock Performance
The firm has a fifty day simple moving average of GBX 56.31 and a two-hundred day simple moving average of GBX 56.92. The firm has a market cap of £33.70 billion, a PE ratio of 784.86, a PEG ratio of 1.84 and a beta of 1.23.
Lloyds Banking Group Company Profile
(
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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.
Further Reading
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