Lloyds Banking Group (LON:LLOY) Announces Quarterly Earnings Results

Lloyds Banking Group (LON:LLOY) issued its earnings results on Thursday. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter, reports. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock traded up GBX 3 ($0.04) during mid-day trading on Thursday, reaching GBX 65.84 ($0.83). The company’s stock had a trading volume of 1,282,569,125 shares, compared to its average volume of 172,847,656. The company has a market capitalization of £39.92 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12 month low of GBX 42.37 ($0.53) and a 12 month high of GBX 67.60 ($0.85). The business’s 50 day simple moving average is GBX 58.14 and its 200 day simple moving average is GBX 57.47.

Insider Activity at Lloyds Banking Group

In other news, insider William Chalmers acquired 128,804 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,522.54). 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on LLOY shares. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 60 ($0.76) target price on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 56 ($0.70).

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.