Lloyds Banking Group (LON:LLOY) Posts Earnings Results

Lloyds Banking Group (LON:LLOY) announced its quarterly earnings data on Thursday. The financial services provider reported GBX 6.30 earnings per share (EPS) for the quarter, reports. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%.

Lloyds Banking Group Stock Down 1.4%

Shares of Lloyds Banking Group stock opened at GBX 93.72 on Friday. The stock’s fifty day moving average is GBX 89.73 and its two-hundred day moving average is GBX 82.96. Lloyds Banking Group has a 52 week low of GBX 52.44 and a 52 week high of GBX 97.74. The company has a market capitalization of £55.11 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Insiders Place Their Bets

In related news, insider William Chalmers purchased 138,723 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were purchased at an average cost of GBX 84 per share, for a total transaction of £116,527.32. Also, insider Charlie Nunn acquired 217,494 shares of the firm’s 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. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on LLOY. Shore Capital reiterated a “hold” rating and issued a GBX 84 price target on shares of Lloyds Banking Group in a research note on Wednesday, November 19th. Royal Bank Of Canada lifted their target price on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Jefferies Financial Group restated a “buy” rating and set a GBX 105 price target on shares of Lloyds Banking Group in a report on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price objective on Lloyds Banking Group from GBX 100 to GBX 102 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Citigroup increased their price target on Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a “neutral” rating in a report on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 98.50.

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.