Lloyds Banking Group’s (LLOY) Hold Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a report released on Thursday morning, Marketbeat.com reports.

Other analysts have also recently issued research reports about the stock. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.76) target price on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 56 ($0.71).

Lloyds Banking Group Stock Performance

LON LLOY opened at GBX 66.44 ($0.84) on Thursday. The firm has a 50-day moving average of GBX 58.14 and a 200-day moving average of GBX 57.47. The stock has a market cap of £40.29 billion, a PE ratio of 8.40, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52-week low of GBX 42.37 ($0.54) and a 52-week high of GBX 67.60 ($0.86).

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) 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%. As a group, analysts predict that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider William Chalmers bought 128,804 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($88,132.49). Corporate 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.