Lloyds Banking Group plc (LON:LLOY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Lloyds Banking Group has a “Moderate Buy” consensus rating from 10 analysts: six buys, three holds and one sell. The average 12-month price target is GBX 114.20.
• Recent analyst views include upgraded or reiterated positive ratings from Royal Bank of Canada, Jefferies and Deutsche Bank, with targets ranging from GBX 124 to GBX 125; Berenberg maintained a hold and Shore Capital a sell.
• Lloyds shares opened at GBX 115.90, near their 52-week high of GBX 117.90, while the bank reported quarterly EPS of GBX 4.80, an 11.05% return on equity and a 26.73% net margin.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 114.20.

Several analysts have recently weighed in on LLOY shares. Royal Bank Of Canada raised their target price on Lloyds Banking Group from GBX 120 to GBX 124 and gave the company an "outperform" rating in a research note on Friday, July 31st. Berenberg Bank reissued a "hold" rating and set a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Shore Capital Group reissued a "sell" rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Jefferies Financial Group restated a "buy" rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a research note on Friday, July 31st.

Lloyds Banking Group Stock Down 1.0%

Shares of LLOY opened at GBX 115.90 on Thursday. Lloyds Banking Group has a 52-week low of GBX 77.38 and a 52-week high of GBX 117.90. The company has a 50-day simple moving average of GBX 108.72 and a 200-day simple moving average of GBX 103.04. The company has a market capitalization of £67.41 billion, a PE ratio of 15.25, a P/E/G ratio of 1.84 and a beta of 0.91.

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. On average, research analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current year.

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.

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