Lloyds Banking Group (LON:LLOY) Earns “Sector perform” Rating from Royal Bank of Canada

by · The Cerbat Gem

Lloyds Banking Group (LON:LLOY – Get Free Report)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 60 ($0.78) price target on the financial services provider’s stock. Royal Bank of Canada’s target price suggests a potential downside of 3.41% from the stock’s previous close.

LLOY has been the subject of a number of other research reports. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 2nd. JPMorgan Chase & Co. upped their price target on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 55 ($0.71) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Finally, Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group has an average rating of “Hold” and a consensus price target of GBX 56.86 ($0.74).

Read Our Latest Research Report on LLOY

Lloyds Banking Group Stock Up 0.8 %

LON LLOY traded up GBX 0.50 ($0.01) during trading hours on Thursday, hitting GBX 62.12 ($0.81). 988,842,375 shares of the company were exchanged, compared to its average volume of 159,060,813. The stock has a 50-day moving average price of GBX 58.80 and a 200 day moving average price of GBX 56.53. Lloyds Banking Group has a 52 week low of GBX 39.54 ($0.51) and a 52 week high of GBX 63.47 ($0.82). The stock has a market cap of £38.06 billion, a PE ratio of 887.43, a price-to-earnings-growth 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.

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