Lloyds Banking Group (LON:LLOY) Upgraded to “Outperform” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Lloyds Banking Group (LON:LLOY) to an outperform rating in a report released on Monday, Marketbeat reports. Royal Bank Of Canada currently has GBX 95 ($1.26) price objective on the financial services provider’s stock.

LLOY has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group from GBX 78 ($1.04) to GBX 79 ($1.05) and gave the company an “underweight” rating in a research note on Friday, July 25th. Citigroup lifted their price target on Lloyds Banking Group from GBX 75 ($1.00) to GBX 77 ($1.02) and gave the company a “neutral” rating in a research note on Friday. Finally, Shore Capital reissued a “hold” rating and set a GBX 74 ($0.98) price target on shares of Lloyds Banking Group in a research note on Thursday, July 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 77.20 ($1.03).

Lloyds Banking Group Stock Up 9.1%

LON:LLOY opened at GBX 82.56 ($1.10) on Monday. The stock’s 50-day simple moving average is GBX 76.85 and its 200 day simple moving average is GBX 71.77. The firm has a market capitalization of £50.06 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a twelve month low of GBX 52.44 ($0.70) and a twelve month high of GBX 82.56 ($1.10).

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported GBX 3.80 ($0.05) earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. On average, analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In other news, insider William Chalmers purchased 152,181 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of GBX 76 ($1.01) per share, with a total value of £115,657.56 ($153,718.18). Also, insider Charlie Nunn acquired 238,593 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of GBX 76 ($1.01) per share, for a total transaction of £181,330.68 ($241,003.03). Company 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.