Shore Capital Reiterates Hold Rating for Lloyds Banking Group (LON:LLOY)

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating reiterated by stock analysts at Shore Capital in a research report issued to clients and investors on Wednesday, Digital Look reports.

Several other research analysts have also recently weighed in on LLOY. JPMorgan Chase & Co. upped their price target on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the company an “underweight” rating in a report on Wednesday, July 3rd. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 2nd. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 55 ($0.71) price target on shares of Lloyds Banking Group in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 56.33 ($0.73).

Lloyds Banking Group Trading Up 1.6 %

Shares of LON:LLOY traded up GBX 1 ($0.01) during trading on Wednesday, hitting GBX 63 ($0.82). 205,896,484 shares of the company’s stock traded hands, compared to its average volume of 155,017,453. The company has a 50-day moving average price of GBX 58.71 and a 200-day moving average price of GBX 56.50. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.51) and a 52 week high of GBX 63.47 ($0.82). The company has a market cap of £38.60 billion, a price-to-earnings ratio of 900.00, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

About Lloyds Banking Group

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.