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

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating reissued by Shore Capital in a research note issued to investors on Wednesday, Marketbeat reports.

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

Lloyds Banking Group Trading Up 0.9 %

LLOY stock opened at GBX 62.20 ($0.81) on Wednesday. The stock’s 50 day simple moving average is GBX 58.80 and its 200 day simple moving average is GBX 56.53. Lloyds Banking Group has a 12-month low of GBX 39.54 ($0.51) and a 12-month high of GBX 63.47 ($0.82). The stock has a market capitalization of £38.11 billion, a PE ratio of 887.43, 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.