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

Lloyds Banking Group (LON:LLOY)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank of Canada in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 60 ($0.78) price target on the financial services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 4.06% from the stock’s previous close.

A number of other brokerages have also commented on LLOY. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. JPMorgan Chase & Co. upped their price objective 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 research note on Wednesday, July 3rd. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of “Hold” and an average price target of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Performance

Shares of LLOY stock opened at GBX 57.66 ($0.75) on Thursday. The company has a market capitalization of £35.33 billion, a PE ratio of 871.41, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52-week low of GBX 39.61 ($0.51) and a 52-week high of GBX 63.47 ($0.82). The business’s fifty day moving average is GBX 58.87 and its 200 day moving average is GBX 56.57.

Lloyds Banking Group Company Profile

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.