Insider Buying: Lloyds Banking Group plc (LON:LLOY) Insider Purchases 128,804 Shares of Stock

Lloyds Banking Group plc (LON:LLOY) insider William Chalmers acquired 128,804 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($87,412.54).

Lloyds Banking Group Price Performance

LLOY opened at GBX 53.86 ($0.68) on Friday. The company’s 50 day simple moving average is GBX 55.95 and its 200-day simple moving average is GBX 56.92. Lloyds Banking Group plc has a one year low of GBX 41 ($0.52) and a one year high of GBX 63.47 ($0.80). The stock has a market capitalization of £33.00 billion, a P/E ratio of 769.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LLOY shares. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research note on Wednesday, October 23rd. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 60 ($0.75) price objective on shares of Lloyds Banking Group in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 55.50 ($0.70).

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.