Lloyds Banking Group plc (LON:LLOY – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 114.60.
A number of analysts have recently commented on LLOY shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 124 price target on shares of Lloyds Banking Group in a research note on Friday, September 11th. Jefferies Financial Group upped their target price 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. Berenberg Bank reissued a “hold” rating and set a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on shares of Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a “neutral” rating in a research report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a report on Friday, July 31st.
Check Out Our Latest Report on LLOY
Lloyds Banking Group Trading Up 2.1%
Lloyds Banking Group (LON:LLOY – Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. As a group, equities research analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Catherine Woods bought 1,810 shares of Lloyds Banking Group stock in a transaction that occurred on Wednesday, September 23rd. The stock was purchased at an average cost of GBX 110 per share, with a total value of £1,991. Also, insider William Chalmers sold 8,445,139 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total value of £9,458,555.68. Company insiders own 0.15% of the company’s stock.
About Lloyds Banking Group
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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