Lloyds Banking Group’s (LLOY) Buy Rating Reiterated at UBS Group

UBS Group reaffirmed their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a research report released on Tuesday, Borsen Zeitung reports. They currently have a GBX 45 ($0.55) target price on the financial services provider’s stock.

Several other equities analysts also recently issued reports on LLOY. Citigroup raised shares of Lloyds Banking Group to a buy rating and reduced their price target for the company from GBX 50 ($0.62) to GBX 42 ($0.52) in a report on Monday, May 4th. Credit Suisse Group reduced their price target on shares of Lloyds Banking Group from GBX 60 ($0.74) to GBX 40 ($0.49) and set a neutral rating for the company in a report on Thursday, April 9th. Berenberg Bank boosted their price target on shares of Lloyds Banking Group from GBX 34 ($0.42) to GBX 35 ($0.43) and gave the company a hold rating in a report on Monday, May 4th. JPMorgan Chase & Co. set a GBX 45 ($0.55) price target on shares of Lloyds Banking Group and gave the company a neutral rating in a report on Wednesday, May 20th. Finally, Barclays reissued an overweight rating on shares of Lloyds Banking Group in a report on Tuesday, May 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of GBX 47.79 ($0.59).

Lloyds Banking Group stock opened at GBX 30.46 ($0.37) on Tuesday. The company has a market cap of $21.04 billion and a PE ratio of 12.93. The company has a fifty day moving average price of GBX 31.70 and a two-hundred day moving average price of GBX 41.98. Lloyds Banking Group has a 12 month low of GBX 25.68 ($0.32) and a 12 month high of GBX 73.66 ($0.91).

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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