Lloyds Banking Group plc (LON:LLOY) Receives Average Rating of “Hold” from Brokerages

Lloyds Banking Group plc (LON:LLOY) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 55.50 ($0.69).

Several brokerages have recently commented on LLOY. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 60 ($0.74) price objective on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th.

Insider Activity at Lloyds Banking Group

In other news, insider William Chalmers bought 128,804 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of GBX 54 ($0.67) per share, for a total transaction of £69,554.16 ($85,975.48). Insiders own 0.17% of the company’s stock.

Lloyds Banking Group Stock Performance

LON:LLOY opened at GBX 53.20 ($0.66) on Thursday. The company has a market capitalization of £32.60 billion, a price-to-earnings ratio of 760.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a one year low of GBX 41 ($0.51) and a one year high of GBX 63.47 ($0.78). The stock has a 50-day simple moving average of GBX 54.35 and a 200 day simple moving average of GBX 56.88.

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.