Lloyds Banking Group PLC (LON:LLOY) insider James Lupton acquired 1,000,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of GBX 26 ($0.32) per share, with a total value of £260,000 ($319,960.62).
Shares of LON:LLOY traded down GBX 2.16 ($0.03) during trading on Friday, reaching GBX 26.21 ($0.32). 657,753,651 shares of the company’s stock traded hands, compared to its average volume of 151,650,000. Lloyds Banking Group PLC has a 12 month low of GBX 0.30 ($0.00) and a 12 month high of GBX 73.66 ($0.91). The stock has a market capitalization of $18.54 billion and a P/E ratio of 11.39. The company has a 50 day moving average of GBX 31.22 and a 200-day moving average of GBX 38.86.
Several equities research analysts have recently issued reports on the stock. Goldman Sachs Group set a GBX 29 ($0.36) target price on shares of Lloyds Banking Group and gave the stock a “sell” rating in a research note on Thursday. Jefferies Financial Group dropped their price objective on Lloyds Banking Group from GBX 47 ($0.58) to GBX 42 ($0.52) and set a “buy” rating on the stock in a report on Thursday, June 25th. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, July 6th. Citigroup raised shares of Lloyds Banking Group to a “buy” rating and dropped their price target for the company from GBX 50 ($0.62) to GBX 42 ($0.52) in a research note on Monday, May 4th. Finally, Barclays reissued an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, July 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Lloyds Banking Group presently has a consensus rating of “Buy” and a consensus target price of GBX 45.21 ($0.56).
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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