Lloyds Banking Group plc (LON:LLOY) Insider Chris Vogelzang Purchases 30,500 Shares

Lloyds Banking Group plc (LON:LLOY) insider Chris Vogelzang bought 30,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average price of GBX 80 ($1.08) per share, for a total transaction of £24,400 ($32,813.34).

Lloyds Banking Group Stock Down 0.6%

Lloyds Banking Group stock opened at GBX 80.48 ($1.08) on Friday. The business has a 50 day moving average price of GBX 76.98 and a two-hundred day moving average price of GBX 71.89. The stock has a market cap of £48.80 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group plc has a 12 month low of GBX 52.44 ($0.71) and a 12 month high of GBX 83.92 ($1.13).

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 expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LLOY shares. Royal Bank Of Canada upgraded Lloyds Banking Group to an “outperform” rating and set a GBX 95 ($1.28) price target on the stock in a report on Monday. JPMorgan Chase & Co. upgraded Lloyds Banking Group to a “neutral” rating and boosted their target price for the company from GBX 79 ($1.06) to GBX 85 ($1.14) in a research note on Monday. Shore Capital restated a “hold” rating and issued a GBX 74 ($1.00) target price on shares of Lloyds Banking Group in a research note on Thursday, July 24th. Finally, Citigroup upped their price target on Lloyds Banking Group from GBX 75 ($1.01) to GBX 77 ($1.04) and gave the stock a “neutral” rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 77.20 ($1.04).

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.