Lloyds Banking Group's (LLOY) Hold Rating Reiterated at Shore Capital

Lloyds Banking Group (LON:LLOY - Get Free Report)'s stock had its "hold" rating reissued by analysts at Shore Capital in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 74 ($0.99) price objective on the financial services provider's stock. Shore Capital's price objective would suggest a potential downside of 6.38% from the company's previous close.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock traded up GBX 1 ($0.01) during trading hours on Thursday, reaching GBX 79.04 ($1.06). The stock had a trading volume of 280,155,875 shares, compared to its average volume of 155,084,578. The stock has a market cap of £47.93 billion, a PE ratio of 10.00, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52 week low of GBX 52.44 ($0.70) and a 52 week high of GBX 80 ($1.08). The company has a fifty day simple moving average of GBX 76.71 and a 200-day simple moving average of GBX 70.68.

Lloyds Banking Group (LON:LLOY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported GBX 3.80 ($0.05) earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Research analysts predict that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Charlie Nunn bought 238,593 shares of the company's stock in a transaction dated Friday, June 20th. The stock was purchased at an average cost of GBX 76 ($1.02) per share, with a total value of £181,330.68 ($243,691.28). Also, insider William Chalmers purchased 152,181 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average cost of GBX 76 ($1.02) per share, with a total value of £115,657.56 ($155,432.82). Company insiders own 0.17% of the company's stock.

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.