Lloyds Banking Group (LON:LLOY) Receives “Neutral” Rating from Citigroup

Citigroup restated their neutral rating on shares of Lloyds Banking Group (LON:LLOY) in a research note released on Thursday, MarketBeat reports.

Several other research analysts have also issued reports on LLOY. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 60 ($0.78) price target on shares of Lloyds Banking Group in a research report on Thursday. Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday. JPMorgan Chase & Co. increased 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 research report on Wednesday, July 3rd. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 55 ($0.71) price objective on shares of Lloyds Banking Group in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and a consensus price target of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Performance

Shares of LLOY stock opened at GBX 59.85 ($0.78) on Thursday. The firm’s 50 day moving average price is GBX 58.80 and its two-hundred day moving average price is GBX 56.53. 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 stock has a market cap of £36.67 billion, a PE ratio of 860.00, a PEG 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.