Lloyds Banking Group plc (LON:LLOY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 94.50.

Several analysts have issued reports on LLOY shares. Shore Capital reissued a “hold” rating and issued a GBX 84 price target on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a GBX 93 price target on shares of Lloyds Banking Group in a report on Friday, October 10th. Citigroup increased their price objective on Lloyds Banking Group from GBX 75 to GBX 77 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Royal Bank Of Canada boosted their target price on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 105 price target on shares of Lloyds Banking Group in a report on Tuesday, October 28th.

Lloyds Banking Group Stock Performance

Shares of LLOY opened at GBX 96.14 on Friday. Lloyds Banking Group has a 52-week low of GBX 52.44 and a 52-week high of GBX 96.94. The stock’s 50-day simple moving average is GBX 87.22 and its 200 day simple moving average is GBX 81.63. The stock has a market capitalization of £56.73 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last announced 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%. On average, research analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider William Chalmers purchased 138,723 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were purchased at an average price of GBX 84 per share, with a total value of £116,527.32. Also, insider Charlie Nunn bought 217,494 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average price of GBX 84 per share, with a total value of £182,694.96. 0.16% of the stock is owned by insiders.

About Lloyds Banking Group

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.