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

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 114.60.

A number of analysts have commented on LLOY shares. Jefferies Financial Group increased their price target on shares of Lloyds Banking Group from GBX 125 to GBX 127 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday, July 31st. Berenberg Bank restated a “hold” rating and issued a GBX 117 price objective on shares of Lloyds Banking Group in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their target price on Lloyds Banking Group from GBX 121 to GBX 123 and gave the stock a “neutral” rating in a research note on Tuesday, September 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 124 price target on shares of Lloyds Banking Group in a research note on Friday, September 11th.

Insider Transactions at Lloyds Banking Group

In related news, insider William Chalmers sold 8,445,139 shares of Lloyds Banking Group stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total transaction of £9,458,555.68. Also, insider Catherine Woods purchased 1,810 shares of the stock in a transaction on Wednesday, September 23rd. The stock was bought at an average cost of GBX 110 per share, for a total transaction of £1,991. Company insiders own 0.15% of the company’s stock.

Lloyds Banking Group Price Performance

Shares of LON LLOY opened at GBX 109.20 on Friday. The business has a 50-day moving average of GBX 112.20 and a 200-day moving average of GBX 105.01. The stock has a market capitalization of £63.21 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a fifty-two week low of GBX 81.52 and a fifty-two week high of GBX 117.90.

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