Keefe, Bruyette & Woods Reaffirms "Outperform" Rating for Lloyds Banking Group (LON:LLOY)

Key Points

• Keefe, Bruyette & Woods has reaffirmed an "outperform" rating for Lloyds Banking Group with a price target of GBX 93, indicating a potential upside of 12.18% from the latest close.
• Insiders William Chalmers and Charlie Nunn both purchased shares at an average price of GBX 84, accumulating a total of 436,717 shares in the last quarter.
• Lloyds Banking Group's stock has a current trading price of GBX 82.90, with a consensus rating of "Moderate Buy" among analysts and a target price averaging GBX 90.

Lloyds Banking Group (LON:LLOY - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 93 price objective on the financial services provider's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 12.18% from the stock's previous close.

A number of other research analysts have also weighed in on the company. Citigroup raised their target price on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a report on Friday, August 1st. Royal Bank Of Canada raised Lloyds Banking Group to an "outperform" rating and set a GBX 95 price objective for the company in a research note on Monday, August 4th. Jefferies Financial Group lifted their price target on Lloyds Banking Group from GBX 92 to GBX 103 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. boosted their target price on Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a "neutral" rating in a research note on Tuesday, September 9th. Finally, Shore Capital restated a "hold" rating and set a GBX 74 price target on shares of Lloyds Banking Group in a report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Lloyds Banking Group presently has an average rating of "Moderate Buy" and a consensus price target of GBX 90.

Lloyds Banking Group Stock Performance

Shares of LLOY stock traded down GBX 0.60 on Friday, hitting GBX 82.90. The company had a trading volume of 72,383,680 shares, compared to its average volume of 154,558,875. The stock's 50-day moving average is GBX 82.32 and its two-hundred day moving average is GBX 77.08. Lloyds Banking Group has a twelve month low of GBX 52.44 and a twelve month high of GBX 86.64. The firm has a market cap of £49.04 billion, a P/E ratio of 1,256.06, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported GBX 3.80 EPS for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Equities research analysts predict that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insiders Place Their Bets

In other Lloyds Banking Group news, insider William Chalmers purchased 138,723 shares of the business's stock in a transaction on Friday, September 19th. The stock was acquired at an average price of GBX 84 per share, for a total transaction of £116,527.32. Also, insider Charlie Nunn purchased 217,494 shares of the business's stock in a transaction on Friday, September 19th. The stock was acquired at an average price of GBX 84 per share, with a total value of £182,694.96. In the last quarter, insiders acquired 436,717 shares of company stock worth $36,562,228. Corporate insiders own 0.16% 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.

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