Brokerages Set Lloyds Banking Group plc (LON:LLOY) Target Price at GBX 56

Lloyds Banking Group plc (LON:LLOY) has received a consensus recommendation of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 56 ($0.71).

Separately, Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a report on Thursday.

Lloyds Banking Group Price Performance

LON LLOY opened at GBX 66.60 ($0.84) on Thursday. Lloyds Banking Group has a 1-year low of GBX 42.37 ($0.54) and a 1-year high of GBX 67.60 ($0.85). The stock has a 50-day moving average of GBX 58.65 and a two-hundred day moving average of GBX 57.59. The company has a market cap of £40.38 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last issued its 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 return on equity of 11.22% and a net margin of 16.66%. On average, analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In other news, insider William Chalmers bought 128,804 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,876.39). 0.17% of the stock is owned by insiders.

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.