Lloyds Banking Group plc (LON:LLOY) Receives Average Recommendation of “Hold” from Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have received an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 55.50 ($0.70).

LLOY has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.75) price objective on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Finally, Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd.

Insider Buying and Selling

In related news, insider William Chalmers bought 128,804 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,412.54). 0.17% of the stock is currently owned by insiders.

Lloyds Banking Group Trading Down 0.8 %

LON:LLOY opened at GBX 53.86 ($0.68) on Friday. The stock has a 50 day moving average of GBX 55.95 and a 200-day moving average of GBX 56.92. The firm has a market capitalization of £33.00 billion, a PE ratio of 769.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52 week low of GBX 41 ($0.52) and a 52 week high of GBX 63.47 ($0.80).

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.