Lloyds Banking Group (LON:LLOY) Research Coverage Started at Peel Hunt

Research analysts at Peel Hunt started coverage on shares of Lloyds Banking Group (LON:LLOY) in a note issued to investors on Friday, Digital Look reports. The brokerage set a “hold” rating and a GBX 55 ($0.68) price target on the financial services provider’s stock. Peel Hunt’s price objective suggests a potential upside of 9.47% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Berenberg Bank upped their price target on Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the stock a “hold” rating in a report on Thursday, February 22nd. Shore Capital restated a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, February 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 59 ($0.73) price target on shares of Lloyds Banking Group in a research note on Friday, February 16th. Finally, Keefe, Bruyette & Woods raised Lloyds Banking Group to a “market perform” rating and set a GBX 50 ($0.62) price target for the company in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 55.33 ($0.69).

Lloyds Banking Group Stock Down 1.5 %

LLOY opened at GBX 50.24 ($0.63) on Friday. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.49) and a 52 week high of GBX 54.28 ($0.68). The firm has a market cap of £31.99 billion, a P/E ratio of 630.25, a PEG ratio of 1.94 and a beta of 1.22. The business’s fifty day simple moving average is GBX 48.60 and its 200 day simple moving average is GBX 45.47.

Insider Buying and Selling

In other news, insider William Chalmers acquired 128,118 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average cost of GBX 52 ($0.65) per share, for a total transaction of £66,621.36 ($82,934.59). In other Lloyds Banking Group news, insider Robin Budenberg purchased 1,000,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of GBX 45 ($0.56) per share, with a total value of £450,000 ($560,189.22). Also, insider William Chalmers acquired 128,118 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of GBX 52 ($0.65) per share, for a total transaction of £66,621.36 ($82,934.59). 0.24% of the stock is owned by company insiders.

About Lloyds Banking Group

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.