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

Lloyds Banking Group (LON:LLOY)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital in a research note issued to investors on Wednesday, LSE.Co.UK reports.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 59 ($0.73) target price on shares of Lloyds Banking Group in a research report on Friday, February 16th. JPMorgan Chase & Co. upped their target price on Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Berenberg Bank increased 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 research report on Thursday, February 22nd. Peel Hunt began coverage on Lloyds Banking Group in a research report on Friday, April 19th. They set a “hold” rating and a GBX 55 ($0.68) price target on the stock. Finally, 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 research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 55.33 ($0.68).

Lloyds Banking Group Price Performance

LON LLOY traded up GBX 0.47 ($0.01) during trading on Wednesday, reaching GBX 51.81 ($0.64). 575,975,906 shares of the company’s stock were exchanged, compared to its average volume of 148,276,188. The business has a 50 day moving average price of GBX 49.19 and a 200-day moving average price of GBX 45.68. The stock has a market capitalization of £32.99 billion, a P/E ratio of 648.75, a PEG ratio of 1.94 and a beta of 1.22. Lloyds Banking Group has a fifty-two week low of GBX 39.42 ($0.49) and a fifty-two week high of GBX 54.28 ($0.67).

Insiders Place Their Bets

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

Lloyds Banking Group Company Profile

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.