Lloyds Banking Group (LON:LLOY) Insider Danuta Gray Purchases 41,375 Shares of Company Stock

Lloyds Banking Group plc (LON:LLOY) insider Danuta Gray bought 41,375 shares of the business’s stock in a transaction on Friday, October 30th. The shares were acquired at an average price of GBX 96 per share, for a total transaction of £39,720.

Lloyds Banking Group Price Performance

Shares of LON LLOY traded up GBX 2.24 during midday trading on Monday, reaching GBX 95.74. 752,231,875 shares of the stock were exchanged, compared to its average volume of 173,118,234. The business has a 50-day simple moving average of GBX 106.65 and a two-hundred day simple moving average of GBX 104.51. The company has a market capitalization of £54.99 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.84 and a beta of 0.94. Lloyds Banking Group plc has a 12 month low of GBX 85.82 and a 12 month high of GBX 123.10.

Lloyds Banking Group (LON:LLOY) last announced 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 net margin of 21.08% and a return on equity of 13.09%. Equities research analysts expect that Lloyds Banking Group plc will post 7.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 127 price objective on shares of Lloyds Banking Group in a research note on Friday. Royal Bank Of Canada lowered Lloyds Banking Group to a “sector perform” rating and dropped their price objective for the company from GBX 124 to GBX 115 in a research note on Friday, October 16th. Berenberg Bank cut their price objective on Lloyds Banking Group from GBX 121 to GBX 117 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. raised their price target on Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a “neutral” rating in a report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 125 price objective on shares of Lloyds Banking Group in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 116.

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.