Lloyds Banking Group’s (LLOY) “Hold” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a report issued on Thursday morning, MarketBeat reports.

Several other equities research analysts have also recently issued reports on LLOY. 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 reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 56 ($0.71).

Lloyds Banking Group Stock Up 1.1 %

LON:LLOY opened at GBX 66.60 ($0.84) on Thursday. The company has a fifty day simple moving average of GBX 58.65 and a two-hundred day simple moving average of GBX 57.59. The company has a market cap of £40.38 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52 week low of GBX 42.37 ($0.54) and a 52 week high of GBX 67.60 ($0.85).

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, analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Activity at Lloyds Banking Group

In related news, insider William Chalmers purchased 128,804 shares of Lloyds Banking Group stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost 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 corporate insiders.

About Lloyds Banking Group

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.