Lloyds Banking Group (LON:LLOY) Issues Earnings Results

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

Lloyds Banking Group Stock Performance

Shares of LON:LLOY opened at GBX 94.08 on Thursday. The business’s fifty day moving average price is GBX 89.33 and its two-hundred day moving average price is GBX 82.76. The stock has a market cap of £55.32 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a one year low of GBX 52.44 and a one year high of GBX 97.74.

Insiders Place Their Bets

In related news, insider Charlie Nunn acquired 217,494 shares of Lloyds Banking Group stock in a transaction dated Friday, September 19th. The shares were acquired at an average cost of GBX 84 per share, for a total transaction of £182,694.96. Also, insider William Chalmers acquired 138,723 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average cost of GBX 84 per share, for a total transaction of £116,527.32. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target 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. Royal Bank Of Canada lifted their price objective on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research report on Friday, October 10th. Citigroup raised their price target on Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a “neutral” rating in a research report on Monday, December 1st. Finally, Shore Capital reaffirmed a “hold” rating and set a GBX 84 price target on shares of Lloyds Banking Group in a research note on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.