Lloyds Banking Group (LON:LLOY) Given Buy Rating at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a research note published on Tuesday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has a GBX 105 price objective on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research note on Friday, October 10th. Royal Bank Of Canada upped their price objective on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup increased their target price on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a “neutral” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Finally, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, October 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 92.83.

Lloyds Banking Group Stock Performance

LLOY stock opened at GBX 87.46 on Tuesday. The company’s fifty day moving average price is GBX 83.06 and its 200-day moving average price is GBX 78.57. Lloyds Banking Group has a one year low of GBX 52.44 and a one year high of GBX 87.84. The company has a market capitalization of £51.74 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, research analysts predict that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In other news, insider Charlie Nunn acquired 217,494 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was acquired at an average price of GBX 84 per share, with a total value of £182,694.96. Also, insider Chris Vogelzang bought 50,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were acquired at an average price of GBX 84 per share, with a total value of £42,000. In the last quarter, insiders bought 436,717 shares of company stock worth $36,562,228. 0.16% of the stock is currently owned by insiders.

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.