Lloyds Banking Group plc (LON:LLOY) Insider William Chalmers Acquires 149,910 Shares

Lloyds Banking Group plc (LON:LLOYGet Rating) insider William Chalmers purchased 149,910 shares of Lloyds Banking Group stock in a transaction dated Wednesday, June 22nd. The shares were purchased at an average cost of GBX 43 ($0.53) per share, with a total value of £64,461.30 ($78,957.99).

Lloyds Banking Group stock traded down GBX 1.48 ($0.02) during midday trading on Thursday, hitting GBX 42.36 ($0.52). The company’s stock had a trading volume of 148,497,079 shares, compared to its average volume of 215,632,781. The stock’s 50-day moving average price is GBX 44.54 and its 200-day moving average price is GBX 47.41. Lloyds Banking Group plc has a 12 month low of GBX 38.10 ($0.47) and a 12 month high of GBX 56 ($0.69). The company has a market capitalization of £29.50 billion and a PE ratio of 5.88.

Several research firms recently weighed in on LLOY. Royal Bank of Canada downgraded shares of Lloyds Banking Group to an “underperform” rating and reduced their price objective for the stock from GBX 45 ($0.55) to GBX 44 ($0.54) in a report on Wednesday, March 30th. Barclays reaffirmed an “equal weight” rating and issued a GBX 58 ($0.71) price objective on shares of Lloyds Banking Group in a report on Wednesday, April 20th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 52 ($0.64) price objective on shares of Lloyds Banking Group in a report on Friday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of Lloyds Banking Group from GBX 60 ($0.73) to GBX 61 ($0.75) and gave the stock an “overweight” rating in a report on Thursday, May 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 56.25 ($0.69).

About Lloyds Banking Group (Get Rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. 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, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers.

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