Lloyds Banking Group’s (LLOY) “Hold” Rating Reiterated at Shore Capital

Shore Capital reiterated their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a research note published on Monday morning, MarketBeat Ratings reports. They currently have a GBX 74 target price on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group boosted their price objective on shares of Lloyds Banking Group from GBX 92 to GBX 103 and gave the company a “buy” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. boosted their price objective on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Citigroup boosted their price target on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a “neutral” rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research report on Friday, October 10th. Finally, Royal Bank Of Canada upgraded shares of Lloyds Banking Group to an “outperform” rating and set a GBX 95 price target on the stock in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group has an average rating of “Moderate Buy” and an average price target of GBX 90.33.

Lloyds Banking Group Trading Up 0.9%

LLOY stock opened at GBX 84.94 on Monday. The firm’s 50-day moving average price is GBX 82.63 and its two-hundred day moving average price is GBX 77.36. Lloyds Banking Group has a 12-month low of GBX 52.44 and a 12-month high of GBX 86.64. The stock has a market capitalization of £50.25 billion, a price-to-earnings ratio of 1,286.94, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported GBX 3.80 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Equities analysts predict that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group news, insider Charlie Nunn acquired 217,494 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price of GBX 84 per share, with a total value of £182,694.96. Also, insider William Chalmers acquired 138,723 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average cost of GBX 84 per share, for a total transaction of £116,527.32. Insiders have purchased 436,717 shares of company stock worth $36,562,228 over the last 90 days. 0.16% of the stock is owned by company insiders.

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.