Lloyds Banking Group plc (LON:LLOY) Given Consensus Rating of “Hold” by Brokerages

Lloyds Banking Group plc (LON:LLOY) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 55.50 ($0.69).

Several research firms have recently issued reports on LLOY. Citigroup reaffirmed 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 ($0.74) target price on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Finally, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd.

Lloyds Banking Group Price Performance

LLOY opened at GBX 53.20 ($0.66) on Thursday. The stock has a market capitalization of £32.60 billion, a P/E ratio of 760.03, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12 month low of GBX 41 ($0.51) and a 12 month high of GBX 63.47 ($0.78). The business has a 50 day simple moving average of GBX 54.35 and a 200-day simple moving average of GBX 56.88.

Insider Activity at Lloyds Banking Group

In related news, insider William Chalmers purchased 128,804 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of GBX 54 ($0.67) per share, for a total transaction of £69,554.16 ($85,975.48). Company insiders own 0.17% of the company’s stock.

Lloyds Banking Group Company Profile

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.