Shore Capital Reaffirms 'Hold' Rating for Lloyds Banking Group

On Thursday, analysts at Shore Capital reiterated their "hold" rating on the shares of Lloyds Banking Group (LON:LLOY - Get Free Report) in their latest research report, as reported by MarketBeat.

In addition to Shore Capital's assessment, several other investment analysts have also recently shared their views on the stock. For instance, Citigroup maintained a "neutral" rating for Lloyds Banking Group in a research note on October 24. Royal Bank of Canada also reaffirmed a "sector perform" rating and specified a target price of GBX 60 ($0.76) for the shares of the bank in their report on the same day.

Currently, one analyst has assigned a "sell" rating for the stock while five analysts have issued a "hold" rating. According to the data from MarketBeat, Lloyds Banking Group holds an average rating of "Hold" along with a consensus price target set at GBX 56 ($0.70).

Lloyds Banking Group Stock Performance

In trading on Thursday, shares of LON:LLOY increased by GBX 3.06 ($0.04), reaching a price of GBX 65.90 ($0.83). The trading volume for the company’s stock was 646,157,438 shares, significantly higher than its average volume of 155,169,563 shares. Lloyds Banking Group has a market capitalization of approximately £39.96 billion, a price-to-earnings ratio of 8.34, and a price-to-earnings-growth ratio of 1.84 with a beta of 1.23. The stock has a 12-month low of GBX 42.37 ($0.53) and a 12-month high of GBX 67.60 ($0.85) and maintains a 50-day moving average of GBX 58.14 and a 200-day moving average of GBX 57.47.

Lloyds Banking Group shared its quarterly earnings data on February 20, reporting earnings per share of GBX 6.30 ($0.08) for the quarter. The financial services provider showed a return on equity of 11.22% and a net profit margin of 16.66%. Analysts project that Lloyds Banking Group will report earnings per share of approximately 7.32 for the ongoing fiscal year.

Insider Transactions

In related news, insider William Chalmers purchased 128,804 shares of Lloyds Banking Group on December 19 at an average price of GBX 54 ($0.68) per share, resulting in a total transaction value of £69,554.16 ($87,522.54). Notably, company insiders currently own about 0.17% of the firm's stock.

About Lloyds Banking Group

Lloyds Banking Group stands as the largest retail and commercial financial services provider in the UK, serving over 25 million customers across nearly every community. The primary business operations encompass retail and commercial banking, along with general insurance and long-term savings. Products and services are offered through the largest branch network and digital banking platform in the UK, featuring well-known brands such as Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows. Shares of Lloyds Banking Group are publicly traded on both the London and New York stock exchanges and are part of the FTSE 100 index.

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