Insider Buying: Lloyds Banking Group (LON:LLOY) Insider Buys £39,720 in Stock

by · The Markets Daily

Lloyds Banking Group plc (LON:LLOY – Get Free Report) insider Danuta Gray bought 41,375 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was bought at an average price of GBX 96 per share, with a total value of £39,720.

Lloyds Banking Group Stock Performance

LON LLOY opened at GBX 93.92 on Thursday. The company has a market cap of £53.94 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.84 and a beta of 0.94. The business’s 50 day moving average price is GBX 105.63 and its 200-day moving average price is GBX 104.39. Lloyds Banking Group plc has a fifty-two week low of GBX 85.82 and a fifty-two week high of GBX 123.10.

Analysts Set New Price Targets

Several research analysts have commented on LLOY shares. JPMorgan Chase & Co. lifted their price objective on shares of Lloyds Banking Group from GBX 121 to GBX 123 and gave the stock a “neutral” rating in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 125 target price on shares of Lloyds Banking Group in a research note on Friday, July 31st. Royal Bank Of Canada cut shares of Lloyds Banking Group to a “sector perform” rating and dropped their price target for the stock from GBX 124 to GBX 115 in a research note on Friday, October 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 127 price target on shares of Lloyds Banking Group in a research note on Friday, October 30th. Finally, Berenberg Bank cut their price target on shares of Lloyds Banking Group from GBX 121 to GBX 117 and set a “hold” rating on the stock in a report on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 116.

View Our Latest Report on LLOY

About Lloyds Banking Group

(Get Free Report)

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.

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