Lloyds Banking Group plc (LON:LLOY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 114.20.

A number of brokerages recently commented on LLOY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a GBX 125 price objective on shares of Lloyds Banking Group in a research note on Friday, July 31st. Royal Bank Of Canada upped their price objective on shares of Lloyds Banking Group from GBX 120 to GBX 124 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 117 price objective on shares of Lloyds Banking Group in a research note on Wednesday, June 24th.

Lloyds Banking Group Price Performance

Shares of LLOY stock opened at GBX 109.95 on Monday. The business has a fifty day moving average of GBX 112.66 and a 200 day moving average of GBX 103.83. Lloyds Banking Group has a 1 year low of GBX 77.38 and a 1 year high of GBX 117.90. The firm has a market capitalization of £63.84 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Buying and Selling at Lloyds Banking Group

In other news, insider William Chalmers sold 8,445,139 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of GBX 112, for a total value of £9,458,555.68. Insiders own 0.17% of the company’s stock.

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.