Lloyds Banking Group (LON:LLOY) Posts Quarterly Earnings Results

Lloyds Banking Group (LON:LLOY) issued its quarterly earnings data on Thursday. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter, reports. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%.

Lloyds Banking Group Price Performance

Shares of LON:LLOY opened at GBX 66.30 ($0.84) on Friday. Lloyds Banking Group has a 1-year low of GBX 42.37 ($0.54) and a 1-year high of GBX 67.60 ($0.86). The stock has a market cap of £40.20 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.84 and a beta of 1.23. The firm has a fifty day moving average price of GBX 58.40 and a 200 day moving average price of GBX 57.51.

Insider Transactions at Lloyds Banking Group

In other news, insider William Chalmers bought 128,804 shares of Lloyds Banking Group stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($88,132.49). Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LLOY shares. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 60 ($0.76) target price on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 56 ($0.71).

About Lloyds Banking Group

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.