Lloyds Banking Group plc (LON:LLOY) Stock Rated “Hold” by Sell-Side Brokerages

Lloyds Banking Group plc (LON:LLOY) has been given an average rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 116.

A number of equities analysts have issued reports on the company. Jefferies Financial Group upped their target price on Lloyds Banking Group from GBX 125 to GBX 127 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a “neutral” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada cut shares of Lloyds Banking Group to a “sector perform” rating and cut their price objective for the stock from GBX 124 to GBX 115 in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 125 price target on shares of Lloyds Banking Group in a research report on Friday, July 31st. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 117 target price on shares of Lloyds Banking Group in a report on Wednesday, June 24th.

Insider Buying and Selling at Lloyds Banking Group

In other Lloyds Banking Group news, insider Catherine Woods acquired 1,810 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average price of GBX 110 per share, with a total value of £1,991. Also, insider William Chalmers sold 8,445,139 shares of Lloyds Banking Group stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of GBX 112, for a total transaction of £9,458,555.68. 0.15% of the stock is currently owned by insiders.

Lloyds Banking Group Stock Down 2.6%

Shares of Lloyds Banking Group stock opened at GBX 100.32 on Tuesday. Lloyds Banking Group has a 12-month low of GBX 82.92 and a 12-month high of GBX 123.10. The company has a market capitalization of £57.62 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.84 and a beta of 0.94. The firm’s 50-day moving average price is GBX 108.93 and its two-hundred day moving average price is GBX 106.27.

Lloyds Banking Group (LON:LLOY) last released its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. On average, sell-side analysts expect that Lloyds Banking Group will post 7.32 earnings per share for the current year.

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.