Lloyds Banking Group (LON:LLOY) Given “Outperform” Rating at Royal Bank Of Canada

Lloyds Banking Group (LON:LLOY)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a research note issued to investors on Friday, London Stock Exchange reports. They currently have a GBX 124 price target on the financial services provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 12.32% from the company’s current price.

LLOY has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a report on Friday, July 31st. Jefferies Financial Group increased their price objective on Lloyds Banking Group from GBX 125 to GBX 127 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 117 target price on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 114.40.

Lloyds Banking Group Stock Up 1.2%

LON LLOY opened at GBX 110.40 on Friday. Lloyds Banking Group has a 52 week low of GBX 81.04 and a 52 week high of GBX 117.90. The business has a 50 day moving average price of GBX 112.84 and a 200-day moving average price of GBX 104.37. The company has a market cap of £63.90 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.84 and a beta of 0.91.

Lloyds Banking Group (LON:LLOY) last issued its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. On average, equities research analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Buying and Selling at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of Lloyds Banking Group stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total transaction of £9,458,555.68. Company insiders own 0.15% of the company’s stock.

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.