Lloyds Banking Group plc (LON:LLOY – Get Rating) insider William Chalmers acquired 149,910 shares of the company’s stock in a transaction on Wednesday, June 22nd. The shares were bought at an average price of GBX 43 ($0.53) per share, with a total value of £64,461.30 ($78,957.99).
LLOY traded down GBX 1.48 ($0.02) during midday trading on Thursday, reaching GBX 42.36 ($0.52). 148,497,079 shares of the company were exchanged, compared to its average volume of 215,632,781. Lloyds Banking Group plc has a one year low of GBX 38.10 ($0.47) and a one year high of GBX 56 ($0.69). The stock has a market capitalization of £29.50 billion and a P/E ratio of 5.88. The stock’s 50-day simple moving average is GBX 44.54 and its 200 day simple moving average is GBX 47.41.
LLOY has been the topic of several research analyst reports. Royal Bank of Canada cut Lloyds Banking Group to an “underperform” rating and decreased their target price for the stock from GBX 45 ($0.55) to GBX 44 ($0.54) in a report on Wednesday, March 30th. Barclays reiterated an “equal weight” rating and issued a GBX 58 ($0.71) price target on shares of Lloyds Banking Group in a report on Wednesday, April 20th. JPMorgan Chase & Co. raised their price target on Lloyds Banking Group from GBX 60 ($0.73) to GBX 61 ($0.75) and gave the company an “overweight” rating in a report on Thursday, May 19th. Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group in a report on Wednesday, May 11th. Finally, Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, May 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group has a consensus rating of “Moderate Buy” and an average target price of GBX 56.25 ($0.69).
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. 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, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers.
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