Insider Buying: Lloyds Banking Group (LON:LLOY) Insider Acquires £1,991 in Stock

Key Points

• Insider purchase: Lloyds director Catherine Woods bought 1,810 shares at GBX 110 each, totaling approximately £1,991.
• Stock performance: Lloyds shares fell 0.5% to GBX 107 during mid-day trading, with market capitalization of roughly £61.93 billion.
• Analyst outlook: The stock has a “Moderate Buy” consensus rating, with six Buy, three Hold, and one Sell rating, and an average price target of GBX 114.60.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) insider Catherine Woods acquired 1,810 shares of the company's stock in a transaction dated Wednesday, September 23rd. The stock was purchased at an average cost of GBX 110 per share, for a total transaction of £1,991.

Lloyds Banking Group Trading Down 0.5%

LON:LLOY traded down GBX 0.55 during mid-day trading on Thursday, reaching GBX 107. 270,909,875 shares of the stock were exchanged, compared to its average volume of 173,918,922. The business has a fifty day moving average price of GBX 112.31 and a 200 day moving average price of GBX 104.93. The firm has a market capitalization of £61.93 billion, a PE ratio of 13.38, a PEG ratio of 1.84 and a beta of 0.91. Lloyds Banking Group plc has a 1-year low of GBX 81.18 and a 1-year high of GBX 117.90.

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its quarterly 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 net margin of 26.73% and a return on equity of 11.05%. On average, sell-side analysts forecast that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

Analyst Upgrades and Downgrades

LLOY has been the subject of a number of research reports. Berenberg Bank restated a "hold" rating and set a GBX 117 target price on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 124 price objective on shares of Lloyds Banking Group in a research report on Friday, September 11th. JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a "neutral" rating in a research note on Tuesday, September 15th. Jefferies Financial Group increased their target price on Lloyds Banking Group from GBX 125 to GBX 127 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 114.60.

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.

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