Brokerages Set Lloyds Banking Group plc (NYSE:LYG) PT at $73.44

Lloyds Banking Group plc (NYSE:LYGGet Free Report) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $73.44.

A number of research analysts have weighed in on the stock. Berenberg Bank initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They set a “hold” rating and a $2.75 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Lloyds Banking Group in a research report on Thursday, May 9th. They issued a “buy” rating on the stock. Finally, Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st.

Check Out Our Latest Analysis on Lloyds Banking Group

Lloyds Banking Group Stock Performance

LYG opened at $2.76 on Friday. The stock has a 50-day moving average of $2.68 and a 200-day moving average of $2.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.48 and a current ratio of 1.48. Lloyds Banking Group has a 52-week low of $1.88 and a 52-week high of $2.87. The company has a market cap of $43.39 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33.

Lloyds Banking Group (NYSE:LYGGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The company had revenue of $14.35 billion for the quarter. As a group, equities research analysts forecast that Lloyds Banking Group will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Lloyds Banking Group

A number of hedge funds have recently modified their holdings of LYG. Naples Money Management LLC bought a new position in Lloyds Banking Group in the fourth quarter worth $25,000. TCG Advisory Services LLC bought a new position in shares of Lloyds Banking Group during the 4th quarter worth about $25,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Lloyds Banking Group during the 4th quarter valued at about $26,000. D Orazio & Associates Inc. bought a new stake in Lloyds Banking Group in the fourth quarter valued at about $26,000. Finally, Johnson Investment Counsel Inc. acquired a new position in Lloyds Banking Group in the third quarter worth about $27,000. Institutional investors own 2.15% of the company’s stock.

About Lloyds Banking Group

(Get Free Report

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.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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