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

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

Other research analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 60 ($0.76) price objective on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus price target of GBX 56 ($0.71).

Lloyds Banking Group Trading Up 1.1 %

LLOY opened at GBX 66.60 ($0.84) on Thursday. The stock’s 50-day moving average price is GBX 58.40 and its 200 day moving average price is GBX 57.51. Lloyds Banking Group has a 12-month low of GBX 42.37 ($0.54) and a 12-month high of GBX 67.60 ($0.85). The firm has a market cap of £40.38 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.84 and a beta of 1.23.

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

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers acquired 128,804 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($87,876.39). 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.