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

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 84 price target on the financial services provider’s stock. Shore Capital’s price target points to a potential downside of 4.13% from the company’s current price.

Several other equities research analysts also recently weighed in on LLOY. JPMorgan Chase & Co. increased their target price on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Royal Bank Of Canada boosted their price target on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a GBX 93 price objective on shares of Lloyds Banking Group in a research note on Friday, October 10th. Citigroup upped their target price on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 105 price target on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 94.50.

Lloyds Banking Group Trading Down 1.6%

Lloyds Banking Group stock traded down GBX 1.46 during midday trading on Wednesday, reaching GBX 87.62. 119,680,375 shares of the stock traded hands, compared to its average volume of 152,485,031. Lloyds Banking Group has a 12-month low of GBX 52.44 and a 12-month high of GBX 95.86. The firm has a market cap of £51.70 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company has a 50-day simple moving average of GBX 85.92 and a two-hundred day simple moving average of GBX 80.71.

Lloyds Banking Group (LON:LLOY) last released its earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Equities research analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Activity

In related news, insider Chris Vogelzang bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of GBX 84 per share, for a total transaction of £42,000. Also, insider Charlie Nunn bought 217,494 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average price of GBX 84 per share, for a total transaction of £182,694.96. Over the last 90 days, insiders have acquired 406,217 shares of company stock valued at $34,122,228. Insiders own 0.16% 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.