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Lloyds Banking Group PLC (LON:LLOY) target price lowered to 48.00GBX, reported earlier today by Citigroup

Reporting a possible downside of -0.08%, Citigroup dropped the target price of Lloyds Banking Group PLC (LON:LLOY) to 48.00GBX

Previously on 10/06/2016, Barclays Capital reported on Lloyds Banking Group PLC (LON:LLOY) held steady the target price at 65.00GBX. At the time, this indicated a possible upside of 0.18%.

Yesterday Lloyds Banking Group PLC (LON:LLOY) traded -0.27% lower at 52.35GBX. The company’s 50-day moving average is 56.79GBX and its 200-day moving average is 61.42GBX. The last closing price is down -14.75% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 163,669,788 shares of the stock traded hands, down from an average trading volume of 186,051,008

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Lloyds Banking Group PLC (LON:LLOY)

Lloyds Banking Group PLC has a 52 week low of 47.10GBX and a 52 week high of 78.02GBX with a P/E ratio of 24.93 The company’s market cap is currently 0 GBX.

In addition to Citigroup reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is 69.90GBX with 5 brokers rating the stock a strong buy, 14 brokers rating the stock a buy, 5 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Lloyds Banking Group PLC (LON:LLOY)

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company's business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance. Its Retail segment provides banking, mortgages and other financial services to personal and small business customers in the United Kingdom. Its Commercial Banking segment provides banking and related services to business clients, from small and medium-sized enterprises (SME) to large corporates. Its Consumer Finance segment provides a range of products, including motor finance, credit cards, and European mortgages and deposit taking. Its Insurance segment provides long-term savings, protection and investment products, as well as general insurance products in the United Kingdom.

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