Lloyds Banking Group plc (LON:LLOY) Given Consensus Rating of “Hold” by Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 55.33 ($0.70).

A number of research analysts have commented on LLOY shares. JPMorgan Chase & Co. raised their target price on shares of Lloyds Banking Group from GBX 41 ($0.52) to GBX 45 ($0.57) and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, April 24th. Finally, Peel Hunt started coverage on shares of Lloyds Banking Group in a research note on Friday, April 19th. They issued a “hold” rating and a GBX 55 ($0.70) price objective for the company.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers acquired 128,118 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of GBX 52 ($0.66) per share, for a total transaction of £66,621.36 ($84,652.30). 0.17% of the stock is currently owned by company insiders.

Lloyds Banking Group Stock Down 0.9 %

LLOY opened at GBX 55.56 ($0.71) on Friday. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.50) and a 52 week high of GBX 57.39 ($0.73). The stock’s fifty day moving average is GBX 53.84 and its two-hundred day moving average is GBX 49.25. The company has a market capitalization of £35.01 billion, a P/E ratio of 793.71, a PEG ratio of 1.89 and a beta of 1.23.

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.