Lloyds Banking Group (LON:LLOY) Earns Buy Rating from Shore Capital

Lloyds Banking Group (LON:LLOY – Get Rating)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a report released on Wednesday, MarketBeat Ratings reports.

LLOY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Lloyds Banking Group from GBX 67 ($0.81) to GBX 61 ($0.73) and set a “buy” rating for the company in a research report on Monday, May 30th. Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group in a research report on Wednesday, May 11th. Berenberg Bank reiterated a “hold” rating and set a GBX 52 ($0.63) price target on shares of Lloyds Banking Group in a research report on Friday, May 6th. Barclays set a GBX 52 ($0.63) price target on Lloyds Banking Group in a research report on Tuesday, July 12th. Finally, Royal Bank of Canada downgraded Lloyds Banking Group to an “underperform” rating and dropped their price target for the company from GBX 45 ($0.54) to GBX 44 ($0.53) in a research report on Wednesday, March 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 55.50 ($0.67).

Lloyds Banking Group Stock Down 2.0 %

LLOY stock opened at GBX 44.43 ($0.54) on Wednesday. The firm has a market capitalization of £30.64 billion and a PE ratio of 634.64. The stock has a 50-day simple moving average of GBX 43.54 and a two-hundred day simple moving average of GBX 46.53. Lloyds Banking Group has a twelve month low of GBX 38.10 ($0.46) and a twelve month high of GBX 56 ($0.67).

Insider Buying and Selling

In related news, insider William Chalmers acquired 149,910 shares of the stock in a transaction on Wednesday, June 22nd. The stock was purchased at an average price of GBX 43 ($0.52) per share, for a total transaction of £64,461.30 ($77,664.22). In related news, insider William Chalmers acquired 149,910 shares of the stock in a transaction on Wednesday, June 22nd. The stock was purchased at an average price of GBX 43 ($0.52) per share, for a total transaction of £64,461.30 ($77,664.22). Also, insider Harmeen Mehta acquired 20,000 shares of the stock in a transaction on Monday, May 9th. The stock was bought at an average price of GBX 43 ($0.52) per share, with a total value of £8,600 ($10,361.45).

About Lloyds Banking Group

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Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. 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 and small business customers.