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

by · The Cerbat Gem

Shares of Lloyds Banking Group plc (LON:LLOY – Get Free Report) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 98.50.

Several research firms have issued reports on LLOY. JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 100 to GBX 102 and gave the company a “neutral” rating in a research note on Tuesday. Citigroup increased their price objective on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a “neutral” rating in a research report on Monday. Keefe, Bruyette & Woods restated an “outperform” rating and issued a GBX 93 target price on shares of Lloyds Banking Group in a report on Friday, October 10th. Royal Bank Of Canada lifted their target price on shares of 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, Shore Capital reiterated a “hold” rating and set a GBX 84 target price on shares of Lloyds Banking Group in a research note on Wednesday, November 19th.

Read Our Latest Analysis on LLOY

Insiders Place Their Bets

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

Lloyds Banking Group Trading Down 1.5%

Shares of LLOY opened at GBX 95.92 on Friday. The company has a market cap of £56.60 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.84 and a beta of 1.23. The business’s fifty day simple moving average is GBX 88.06 and its two-hundred day simple moving average is GBX 82.14. Lloyds Banking Group has a 12 month low of GBX 52.44 and a 12 month high of GBX 97.74.

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

Lloyds Banking Group Company Profile

(Get Free Report)

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.

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