Lloyds Banking Group’s (LLOY) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a research report released on Tuesday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 105 target price on the financial services provider’s stock.

Several other equities analysts have also weighed in on the company. Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Citigroup raised their target price on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a “neutral” rating in a report on Friday, August 1st. Royal Bank Of Canada raised their target price on Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a GBX 93 price objective on shares of Lloyds Banking Group in a research note on Friday, October 10th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 92.83.

Lloyds Banking Group Price Performance

LON LLOY opened at GBX 88.76 on Tuesday. Lloyds Banking Group has a fifty-two week low of GBX 52.44 and a fifty-two week high of GBX 89.14. The stock’s 50-day moving average is GBX 83.27 and its two-hundred day moving average is GBX 78.80. The firm has a market cap of £52.51 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last posted 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, equities analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Transactions at Lloyds Banking Group

In other news, insider Chris Vogelzang purchased 50,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of GBX 84 per share, for a total transaction of £42,000. Also, insider William Chalmers purchased 138,723 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average price of GBX 84 per share, for a total transaction of £116,527.32. Over the last ninety days, insiders have acquired 436,717 shares of company stock worth $36,562,228. Company 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.