Lloyds Banking Group PLC (LON:LLOY) shot up 0% during trading on Thursday . The stock traded as high as GBX 70.93 ($0.96) and last traded at GBX 70.93 ($0.96). 123,850,000 shares traded hands during trading, an increase of 18% from the average session volume of 104,890,000 shares. The stock had previously closed at GBX 70.93 ($0.96).

LLOY has been the topic of several recent analyst reports. Morgan Stanley lowered shares of Lloyds Banking Group to an “equal weight” rating and reduced their price objective for the stock from GBX 80 ($1.08) to GBX 75 ($1.02) in a research note on Wednesday, January 10th. Investec lifted their price objective on shares of Lloyds Banking Group from GBX 75 ($1.02) to GBX 76 ($1.03) and gave the stock a “buy” rating in a research note on Monday, January 8th. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Friday, December 8th. Citigroup reissued a “sell” rating on shares of Lloyds Banking Group in a research note on Wednesday, December 6th. Finally, Goldman Sachs Group reissued a “sell” rating and set a GBX 53 ($0.72) price objective on shares of Lloyds Banking Group in a research note on Tuesday, December 5th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 75.73 ($1.03).

The stock has a market capitalization of $51,050.00 and a P/E ratio of 1,773.25.

In related news, insider Antonio Horta-Osorio purchased 4,833 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of GBX 66 ($0.90) per share, with a total value of £3,189.78 ($4,325.71). In the last ninety days, insiders acquired 10,213 shares of company stock worth $679,622.

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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