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

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating reissued by research analysts at Shore Capital in a research note issued on Thursday, Marketbeat reports.

LLOY has been the subject of a number of other reports. JPMorgan Chase & Co. raised their target price on shares of Lloyds Banking Group from GBX 62 ($0.82) to GBX 71 ($0.94) and gave the company an “underweight” rating in a report on Tuesday, March 25th. Citigroup boosted their target price on shares of Lloyds Banking Group from GBX 61 ($0.81) to GBX 71 ($0.94) and gave the stock a “buy” rating in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 64.25 ($0.85).

Lloyds Banking Group Stock Performance

Shares of LON LLOY opened at GBX 70.59 ($0.94) on Thursday. The company has a market cap of £42.80 billion, a P/E ratio of 8.93, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52-week low of GBX 52.18 ($0.69) and a 52-week high of GBX 74.46 ($0.99). The firm’s fifty day moving average is GBX 70.48 and its two-hundred day moving average is GBX 62.07.

Lloyds Banking Group (LON:LLOY) last issued its earnings results on Friday, May 2nd. The financial services provider reported GBX 1.70 ($0.02) earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. As a group, analysts forecast that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In related news, insider William Chalmers sold 11,338 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.93), for a total transaction of £7,936.60 ($10,528.79). Company insiders own 0.17% of the company’s stock.

About Lloyds Banking Group

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.