Lloyds Banking Group plc (LON:LLOY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 92.83.

A number of research firms have issued reports on LLOY. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, October 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a report on Friday, October 10th. Royal Bank Of Canada raised their target price on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Jefferies Financial Group reissued a “buy” rating and set a GBX 105 target price on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Finally, Citigroup raised their target price on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the stock a “neutral” rating in a report on Friday, August 1st.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers bought 138,723 shares of Lloyds Banking Group stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average price of GBX 84 per share, with a total value of £116,527.32. Also, insider Chris Vogelzang bought 50,000 shares of Lloyds Banking Group stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of GBX 84 per share, with a total value of £42,000. Insiders acquired a total of 436,717 shares of company stock valued at $36,562,228 over the last 90 days. Insiders own 0.16% of the company’s stock.

Lloyds Banking Group Trading Up 0.4%

LON LLOY opened at GBX 89.40 on Tuesday. The company has a fifty day simple moving average of GBX 83.48 and a two-hundred day simple moving average of GBX 79.19. The stock has a market cap of £52.89 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12-month low of GBX 52.44 and a 12-month high of GBX 89.54.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. As a group, sell-side analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Lloyds Banking Group Company Profile

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.