Lloyds Banking Group plc (LON:LLOY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts assign Lloyds Banking Group a “Moderate Buy” consensus: Six of 10 analysts rate the stock a buy, three recommend holding and one recommends selling. The average 12-month price target is GBX 114.20.
• Recent broker targets range from GBX 117 to GBX 125, including upgraded guidance from Royal Bank of Canada and reiterated buy ratings from Deutsche Bank and Jefferies.
• Lloyds shares opened at GBX 109.95, while insider William Chalmers recently sold 8.45 million shares for approximately £9.46 million. The company reported quarterly earnings of GBX 4.80 per share.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 114.20.

A number of brokerages have recently issued reports on LLOY. Royal Bank Of Canada upped their price target on Lloyds Banking Group from GBX 120 to GBX 124 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 125 target price on shares of Lloyds Banking Group in a research note on Friday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 125 target price on shares of Lloyds Banking Group in a research report on Friday, July 31st. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 117 price target on shares of Lloyds Banking Group in a research note on Wednesday, June 24th.

Lloyds Banking Group Price Performance

LLOY stock opened at GBX 109.95 on Monday. The business has a 50-day moving average price of GBX 112.66 and a 200 day moving average price of GBX 103.83. Lloyds Banking Group has a 1-year low of GBX 77.38 and a 1-year high of GBX 117.90. The company has a market capitalization of £63.84 billion, a P/E ratio of 13.74, a PEG ratio of 1.84 and a beta of 0.91.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. On average, analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Activity

In other news, insider William Chalmers sold 8,445,139 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total transaction of £9,458,555.68. 0.17% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source