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

Royal Bank of Canada reiterated their sector perform rating on shares of Lloyds Banking Group (LON:LLOY) in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a GBX 60 ($0.78) price target on the financial services provider’s stock.

Several other research analysts also recently issued reports on the stock. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday. Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.71) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. upped their price target on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Lloyds Banking Group has an average rating of “Hold” and a consensus target price of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Down 3.6 %

LON LLOY opened at GBX 59.85 ($0.78) on Thursday. The stock’s 50 day moving average is GBX 58.80 and its 200 day moving average is GBX 56.53. The firm has a market capitalization of £36.67 billion, a PE ratio of 860.00, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a twelve month low of GBX 39.61 ($0.51) and a twelve month high of GBX 63.47 ($0.82).

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.