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

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

A number of other analysts also recently issued reports on LLOY. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday. Berenberg Bank reiterated a “hold” rating and set a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd. One equities 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 stock. According to data from MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and an average price target of GBX 56.86 ($0.74).

Lloyds Banking Group Price Performance

LON LLOY opened at GBX 59.85 ($0.78) on Thursday. The stock’s 50 day simple moving average is GBX 58.80 and its 200-day simple moving average is GBX 56.53. Lloyds Banking Group has a 1-year low of GBX 39.61 ($0.51) and a 1-year high of GBX 63.47 ($0.82). The company has a market cap of £36.67 billion, a PE ratio of 860.00, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

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.