Lloyds Banking Group plc (LON:LLOY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 60 ($0.74).

Several equities research analysts recently commented on LLOY shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Lloyds Banking Group in a research note on Thursday, September 7th. Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, October 16th.

Insiders Place Their Bets

In other Lloyds Banking Group news, insider William Chalmers purchased 149,714 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were bought at an average price of GBX 45 ($0.56) per share, with a total value of £67,371.30 ($83,164.18). Company insiders own 0.30% of the company’s stock.

Lloyds Banking Group Trading Down 1.3 %

LON LLOY opened at GBX 41.75 ($0.52) on Friday. The stock’s 50-day moving average price is GBX 42.49 and its two-hundred day moving average price is GBX 43.86. The company has a market cap of £26.54 billion, a PE ratio of 463.89, a PEG ratio of 0.69 and a beta of 1.23. Lloyds Banking Group has a 1 year low of GBX 39.42 ($0.49) and a 1 year high of GBX 54.33 ($0.67).

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. It operates through 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 and small business customers.