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

Key Points

• Analyst consensus is “Hold”: Of nine firms covering Lloyds, four recommend buying, four recommend holding and one recommends selling; the average 12-month price target is GBX 116.
• Shares traded at GBX 98.60, below the consensus target. Recent analyst actions were mixed: Berenberg and RBC lowered their targets, while Jefferies and Deutsche Bank maintained “buy” ratings.
• Two insiders recently purchased shares: Catherine Woods bought 1,810 shares at GBX 110, and Danuta Gray bought 41,375 at GBX 96. Insiders collectively own 0.15% of the company.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) has earned a consensus rating of "Hold" from the nine research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 116.

LLOY has been the subject of a number of research analyst reports. Berenberg Bank cut their target price on Lloyds Banking Group from GBX 121 to GBX 117 and set a "hold" rating for the company in a research 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 report on Friday, July 31st. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada downgraded shares of Lloyds Banking Group to a "sector perform" rating and cut their price target for the company from GBX 124 to GBX 115 in a report on Friday, October 16th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 127 price objective on shares of Lloyds Banking Group in a research report on Friday, October 30th.

Insider Buying and Selling

In other news, insider Catherine Woods bought 1,810 shares of the firm's stock in a transaction on Wednesday, September 23rd. The stock was bought at an average cost of GBX 110 per share, for a total transaction of £1,991. Also, insider Danuta Gray bought 41,375 shares of the company's stock in a transaction dated Friday, October 30th. The stock was purchased at an average cost of GBX 96 per share, for a total transaction of £39,720. Insiders own 0.15% of the company's stock.

Lloyds Banking Group Price Performance

LLOY stock traded up GBX 0.32 on Friday, reaching GBX 98.60. The company's stock had a trading volume of 131,542,531 shares, compared to its average volume of 169,944,047. Lloyds Banking Group has a 52 week low of GBX 85.82 and a 52 week high of GBX 123.10. The company has a market capitalization of £56.33 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 1.84 and a beta of 0.93. The firm has a fifty day moving average of GBX 103.74 and a two-hundred day moving average of GBX 104.20.

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.

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