Lloyds Banking Group (LON:LLOY) Now Covered by Analysts at Peel Hunt

Analysts at Peel Hunt started coverage on shares of Lloyds Banking Group (LON:LLOY) in a research report issued on Friday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a GBX 55 ($0.68) price target on the financial services provider’s stock. Peel Hunt’s target price points to a potential upside of 8.01% from the company’s previous close.

Several other equities analysts have also issued reports on LLOY. JPMorgan Chase & Co. upped their target price on Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an “underweight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods raised Lloyds Banking Group to a “market perform” rating and set a GBX 50 ($0.62) target price for the company in a report on Monday, February 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 59 ($0.73) target price on shares of Lloyds Banking Group in a report on Friday, February 16th. Berenberg Bank upped their target price on Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the company a “hold” rating in a report on Thursday, February 22nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and an average target price of GBX 55.33 ($0.69).

Lloyds Banking Group Stock Down 0.2 %

Shares of Lloyds Banking Group stock opened at GBX 50.92 ($0.63) on Friday. The company has a market cap of £32.43 billion, a PE ratio of 636.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.49) and a 52 week high of GBX 54.28 ($0.68). The business has a 50 day moving average price of GBX 48.79 and a 200-day moving average price of GBX 45.54.

Insider Buying and Selling at Lloyds Banking Group

In related news, insider William Chalmers purchased 128,118 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average cost of GBX 52 ($0.65) per share, with a total value of £66,621.36 ($82,934.59). In related news, insider William Chalmers purchased 128,118 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average cost of GBX 52 ($0.65) per share, with a total value of £66,621.36 ($82,934.59). Also, insider Robin Budenberg purchased 1,000,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of GBX 45 ($0.56) per share, with a total value of £450,000 ($560,189.22). 0.24% of the stock is owned by corporate insiders.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.