Shore Capital Reiterates Hold Rating for Lloyds Banking Group (LON:LLOY)

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating restated by equities researchers at Shore Capital in a report released on Thursday, MarketBeat.com reports.

LLOY has been the topic of several other reports. JPMorgan Chase & Co. lifted their target price on Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Royal Bank Of Canada upgraded Lloyds Banking Group to an “outperform” rating and set a GBX 95 target price on the stock in a research report on Monday, August 4th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research report on Friday, October 10th. Citigroup boosted their price objective on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group boosted their price objective on Lloyds Banking Group from GBX 103 to GBX 105 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 90.33.

Lloyds Banking Group Stock Performance

LON LLOY opened at GBX 85.86 on Thursday. The company has a market capitalization of £50.79 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business’s fifty day moving average is GBX 82.89 and its 200 day moving average is GBX 78.09. Lloyds Banking Group has a fifty-two week low of GBX 52.44 and a fifty-two week high of GBX 86.64.

Lloyds Banking Group (LON:LLOY) last released its 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%. On average, sell-side analysts forecast that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Transactions at Lloyds Banking Group

In other news, insider Charlie Nunn bought 217,494 shares of Lloyds Banking Group stock in a transaction dated Friday, September 19th. The shares were purchased at an average cost of GBX 84 per share, with a total value of £182,694.96. Also, insider William Chalmers acquired 138,723 shares of Lloyds Banking Group stock in a transaction on Friday, September 19th. The shares were bought at an average cost of GBX 84 per share, for a total transaction of £116,527.32. Over the last three months, insiders have bought 436,717 shares of company stock valued at $36,562,228. 0.16% of the stock is currently owned by insiders.

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.