Lloyds Banking Group (LON:LLOY) Given “Hold” Rating at Shore Capital

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating reiterated by stock analysts at Shore Capital in a report released on Wednesday,Digital Look reports. They currently have a GBX 84 price objective on the financial services provider’s stock. Shore Capital’s target price suggests a potential downside of 4.13% from the company’s current price.

A number of other equities research analysts also recently issued reports on LLOY. Jefferies Financial Group reissued a “buy” rating and set a GBX 105 price target on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price objective on Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a GBX 93 price target on shares of Lloyds Banking Group in a research report on Friday, October 10th. Citigroup increased their price objective on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price target on Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 94.50.

Lloyds Banking Group Stock Performance

LON LLOY traded down GBX 1.46 during trading hours on Wednesday, reaching GBX 87.62. 119,680,375 shares of the company’s stock were exchanged, compared to its average volume of 152,485,031. The company has a market capitalization of £51.70 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company’s 50-day moving average is GBX 85.92 and its two-hundred day moving average is GBX 80.71. Lloyds Banking Group has a one year low of GBX 52.44 and a one year high of GBX 95.86.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings data 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%. Research analysts predict that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lloyds Banking Group news, insider Charlie Nunn bought 217,494 shares of Lloyds Banking Group stock in a transaction that occurred 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 Chris Vogelzang bought 50,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was bought at an average cost of GBX 84 per share, with a total value of £42,000. Insiders bought a total of 406,217 shares of company stock valued at $34,122,228 over the last 90 days. Insiders own 0.16% of the company’s stock.

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.