Lloyds Banking Group (LON:LLOY) Now Covered by Peel Hunt

Equities researchers at Peel Hunt started coverage on shares of Lloyds Banking Group (LON:LLOY) in a research report issued on Friday, Digital Look reports. The brokerage set a “hold” rating and a GBX 55 ($0.68) price target on the financial services provider’s stock. Peel Hunt’s price target would suggest a potential upside of 9.47% from the stock’s previous close.

LLOY has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an “underweight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods raised Lloyds Banking Group to a “market perform” rating and set a GBX 50 ($0.62) price objective on the stock in a report on Monday, February 12th. Shore Capital restated a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, February 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 59 ($0.73) price target on shares of Lloyds Banking Group in a research report on Friday, February 16th. Finally, Berenberg Bank increased their price objective on Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the stock a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and a consensus target price of GBX 55.33 ($0.69).

Lloyds Banking Group Trading Down 1.5 %

Shares of LON:LLOY opened at GBX 50.24 ($0.63) on Friday. The firm has a market capitalization of £31.99 billion, a PE ratio of 630.25, a PEG ratio of 1.94 and a beta of 1.22. Lloyds Banking Group has a 1-year low of GBX 39.42 ($0.49) and a 1-year high of GBX 54.28 ($0.68). The business’s 50 day moving average is GBX 48.60 and its 200-day moving average is GBX 45.47.

Insider Activity

In other news, insider William Chalmers acquired 128,118 shares of Lloyds Banking Group stock in a transaction on Monday, March 25th. The shares were purchased at an average price of GBX 52 ($0.65) per share, with a total value of £66,621.36 ($82,934.59). In other Lloyds Banking Group news, insider Robin Budenberg purchased 1,000,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of GBX 45 ($0.56) per share, for a total transaction of £450,000 ($560,189.22). Also, insider William Chalmers acquired 128,118 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of GBX 52 ($0.65) per share, for a total transaction of £66,621.36 ($82,934.59). 0.24% of the stock is owned by insiders.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in 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 customers.