Lloyds Banking Group (LON:LLOY) Rating Reiterated by Shore Capital

Lloyds Banking Group (LON:LLOY)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital in a report released on Wednesday, Marketbeat.com reports.

A number of other equities research analysts have also recently issued reports on LLOY. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 59 ($0.73) target price on shares of Lloyds Banking Group in a research note on Friday, February 16th. Keefe, Bruyette & Woods raised Lloyds Banking Group to a “market perform” rating and set a GBX 50 ($0.62) price target on the stock in a report on Monday, February 12th. JPMorgan Chase & Co. raised their price target on Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an “underweight” rating in a report on Tuesday, April 9th. Berenberg Bank raised their price target on Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the company a “hold” rating in a report on Thursday, February 22nd. Finally, Peel Hunt began coverage on Lloyds Banking Group in a report on Friday, April 19th. They set a “hold” rating and a GBX 55 ($0.68) price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and an average price target of GBX 55.33 ($0.68).

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 51.20 ($0.63) on Wednesday. The business’s fifty day moving average price is GBX 49.59 and its 200 day moving average price is GBX 45.76. Lloyds Banking Group has a 12-month low of GBX 39.42 ($0.49) and a 12-month high of GBX 54.28 ($0.67). The stock has a market capitalization of £32.60 billion, a PE ratio of 640.00, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22.

Insiders Place Their Bets

In other news, insider William Chalmers purchased 128,118 shares of Lloyds Banking Group stock in a transaction dated Monday, March 25th. The stock was acquired at an average cost of GBX 52 ($0.64) per share, for a total transaction of £66,621.36 ($82,289.23). In other news, insider Robin Budenberg acquired 1,000,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of GBX 45 ($0.56) per share, for a total transaction of £450,000 ($555,830.04). Also, insider William Chalmers acquired 128,118 shares of the stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of GBX 52 ($0.64) per share, for a total transaction of £66,621.36 ($82,289.23). Corporate insiders own 0.24% of the company’s stock.

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.