Lloyds Banking Group (LON:LLOY) Earns “Hold” Rating from Shore Capital

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating restated by analysts at Shore Capital in a report issued on Thursday, Marketbeat reports.

Several other equities analysts also recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.76) target price on shares of Lloyds Banking Group in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Lloyds Banking Group presently has an average rating of “Hold” and a consensus price target of GBX 56 ($0.70).

Lloyds Banking Group Stock Performance

LON:LLOY traded up GBX 3.06 ($0.04) during trading on Thursday, reaching GBX 65.90 ($0.83). The company’s stock had a trading volume of 646,157,438 shares, compared to its average volume of 155,169,563. The firm has a market cap of £39.96 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12 month low of GBX 42.37 ($0.53) and a 12 month high of GBX 67.60 ($0.85). The firm has a 50 day moving average of GBX 58.14 and a 200-day moving average of GBX 57.47.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Equities research analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Buying and Selling at Lloyds Banking Group

In related news, insider William Chalmers bought 128,804 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,522.54). Company insiders own 0.17% of the company’s stock.

Lloyds Banking Group Company Profile

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.