Lloyds Banking Group (LON:LLOY) Given “Neutral” Rating at Citigroup

Lloyds Banking Group (LON:LLOY)‘s stock had its “neutral” rating reissued by equities researchers at Citigroup in a report released on Thursday, Marketbeat.com reports.

LLOY has been the subject of a number of other research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 60 ($0.78) target price on shares of Lloyds Banking Group in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a report on Wednesday, July 3rd. One investment 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’s stock. According to data from MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and a consensus target price of GBX 56.86 ($0.74).

Lloyds Banking Group Stock Up 0.8 %

LON LLOY traded up GBX 0.50 ($0.01) during trading on Thursday, hitting GBX 62.12 ($0.81). 988,842,375 shares of the stock traded hands, compared to its average volume of 159,060,813. The company has a market capitalization of £38.06 billion, a P/E ratio of 887.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The firm has a 50-day simple moving average of GBX 58.80 and a 200-day simple moving average of 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).

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.