Lloyds Banking Group plc (LON:LLOY) Stock Has Average Target Price of GBX 116 According to Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 116.

A number of research firms recently commented on LLOY. Berenberg Bank dropped their price objective on Lloyds Banking Group from GBX 121 to GBX 117 and set a “hold” rating on the stock in a report on Friday, October 30th. Deutsche Bank restated a “buy” rating and issued a GBX 125 price objective on shares of Lloyds Banking Group in a research note on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a GBX 127 price target on shares of Lloyds Banking Group in a report on Friday, October 30th. Royal Bank Of Canada downgraded Lloyds Banking Group to a “sector perform” rating and lowered their price target for the company from GBX 124 to GBX 115 in a research report on Friday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a “neutral” rating in a research note on Tuesday, September 15th.

Lloyds Banking Group Stock Up 0.3%

Shares of Lloyds Banking Group stock traded up GBX 0.32 on Friday, hitting GBX 98.60. 131,542,531 shares of the company traded hands, compared to its average volume of 169,944,047. The company has a 50-day moving average price of GBX 103.74 and a 200 day moving average price of GBX 104.20. Lloyds Banking Group has a 12-month low of GBX 85.82 and a 12-month high of GBX 123.10. The company has a market cap of £56.33 billion, a PE ratio of 10.16, a PEG ratio of 1.84 and a beta of 0.93.

Insider Activity at Lloyds Banking Group

In other news, insider Catherine Woods bought 1,810 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were acquired at an average cost of GBX 110 per share, with a total value of £1,991. Also, insider William Chalmers sold 8,445,139 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total value of £9,458,555.68. Corporate insiders own 0.15% of the company’s stock.

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.