Lloyds Banking Group (LON:LLOY) Given "Hold" Rating at Shore Capital

Key Points

• Shore Capital has reaffirmed a **"hold" rating** on Lloyds Banking Group with a target price of **GBX 74**, indicating a potential downside of **11.36%** from the current stock price.
• Analysts have varied ratings on Lloyds, with **three giving a "Buy" rating** and **three a "Hold" rating**, and an average consensus target price of **GBX 90**.
• Insider purchases included **Charlie Nunn** and **William Chalmers** buying large quantities of shares at **GBX 84 each**, reflecting confidence in the company's future.

Lloyds Banking Group (LON:LLOY - Get Free Report)'s stock had its "hold" rating reaffirmed by Shore Capital in a research report issued on Monday,Digital Look reports. They currently have a GBX 74 price target on the financial services provider's stock. Shore Capital's target price suggests a potential downside of 11.36% from the stock's current price.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price objective 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. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research report on Friday. Royal Bank Of Canada raised shares of Lloyds Banking Group to an "outperform" rating and set a GBX 95 target price on the stock in a research note on Monday, August 4th. Citigroup upped their price objective on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, Jefferies Financial Group lifted their target price on Lloyds Banking Group from GBX 92 to GBX 103 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 90.

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 83.48 on Monday. The company has a 50-day moving average of GBX 82.47 and a 200 day moving average of GBX 77.19. The firm has a market capitalization of £49.38 billion, a price-to-earnings ratio of 1,264.85, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 1-year low of GBX 52.44 and a 1-year high of GBX 86.64.

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

Insider Buying and Selling at Lloyds Banking Group

In other news, insider Charlie Nunn purchased 217,494 shares of the firm's stock in a transaction on Friday, September 19th. The shares were bought at an average cost of GBX 84 per share, with a total value of £182,694.96. Also, insider William Chalmers purchased 138,723 shares of the 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 £116,527.32. Over the last quarter, insiders acquired 436,717 shares of company stock valued at $36,562,228. 0.16% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.