Lloyds Banking Group plc (LON:LLOY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 113.44.

A number of equities analysts recently commented on LLOY shares. Deutsche Bank Aktiengesellschaft decreased their target price on Lloyds Banking Group to GBX 125 and set a “buy” rating for the company in a report on Tuesday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Shore Capital Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Citigroup raised their price objective on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 120 price objective on shares of Lloyds Banking Group in a report on Thursday, April 30th.

Lloyds Banking Group Stock Up 0.7%

Shares of Lloyds Banking Group stock opened at GBX 101.90 on Friday. The company has a market cap of £59.50 billion, a PE ratio of 13.41, a P/E/G ratio of 1.84 and a beta of 0.94. The business has a 50 day moving average of GBX 97.92 and a 200 day moving average of GBX 98.54. Lloyds Banking Group has a 52 week low of GBX 72.85 and a 52 week high of GBX 114.60.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 EPS for the quarter. The company had revenue of GBX 478.50 billion during the quarter. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%. On average, research analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Lloyds Banking Group News Summary

Here are the key news stories impacting Lloyds Banking Group this week:

• Positive Sentiment: Lloyds continued its £1.75bn share buyback, repurchasing and cancelling millions of shares, which reduces share count and can support earnings per share. Lloyds Banking Group Advances £1.75bn Share Buyback With New Share Purchases
• Positive Sentiment: The bank also completed another large share repurchase and cancellation, reinforcing capital return momentum for shareholders. Lloyds Banking Group Buys Back and Cancels 7.7 Million Shares
• Positive Sentiment: Lloyds broadened its financing business by becoming Harris MAXUS UK’s finance and leasing partner, which may create additional fee income and deepen commercial relationships. Lloyds Banking Group becomes Harris MAXUS UK finance and leasing partner
• Neutral Sentiment: The company updated its share capital and voting rights total, a routine disclosure that mainly reflects the impact of the buyback program. Lloyds Banking Group Updates Share Capital and Voting Rights Total
• Neutral Sentiment: News that Lloyds is relocating a Cheltenham branch is likely a minor operational adjustment with limited near-term stock impact. Lloyds to relocate Cheltenham town centre bank branch
• Neutral Sentiment: Lloyds also highlighted slightly improving UK business sentiment, but this is more of a macro backdrop than a direct earnings catalyst. UK business sentiment edges up in May, Lloyds says
• Negative Sentiment: Disclosure of a share sale by the Chief Legal Officer may be viewed cautiously by some investors, though it appears to be a relatively small insider transaction. Lloyds Banking Discloses Share Sale by Chief Legal Officer

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.