Brokerages Set Lloyds Banking Group plc (LON:LLOY) Price Target at GBX 55.50

Shares of Lloyds Banking Group plc (LON:LLOY) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 55.50 ($0.68).

LLOY has been the subject of a number of analyst reports. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 60 ($0.73) target price on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Finally, Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers bought 128,804 shares of Lloyds Banking Group stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of GBX 54 ($0.66) per share, with a total value of £69,554.16 ($84,925.71). 0.17% of the stock is owned by company insiders.

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 52.88 ($0.65) on Thursday. Lloyds Banking Group has a 1-year low of GBX 41 ($0.50) and a 1-year high of GBX 63.47 ($0.77). The firm has a market capitalization of £32.40 billion, a PE ratio of 755.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company’s fifty day moving average price is GBX 54.27 and its 200-day moving average price is GBX 56.86.

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.