Lloyds Banking Group PLC (LLOY) Shares Down 1.2%

Lloyds Banking Group PLC (LON:LLOY) shares fell 1.2% during trading on Monday . The stock traded as low as GBX 67.97 ($0.90) and last traded at GBX 68.07 ($0.90). 125,967,937 shares traded hands during trading, a decline of 18% from the average session volume of 154,112,992 shares. The stock had previously closed at GBX 68.91 ($0.91).

Several brokerages have recently commented on LLOY. UBS AG set a GBX 85 ($1.12) price objective on Lloyds Banking Group PLC and gave the stock a “buy” rating in a report on Thursday, October 26th. Beaufort Securities reissued a “buy” rating and set a GBX 80 ($1.06) price objective on shares of Lloyds Banking Group PLC in a report on Wednesday, October 25th. Citigroup Inc. reissued a “sell” rating and set a GBX 61 ($0.80) price objective on shares of Lloyds Banking Group PLC in a report on Thursday, October 26th. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, October 25th. Finally, S&P Global set a GBX 77 ($1.02) price objective on Lloyds Banking Group PLC and gave the stock a “buy” rating in a report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have assigned a buy rating to the company. Lloyds Banking Group PLC presently has a consensus rating of “Buy” and a consensus price target of GBX 76.03 ($1.00).

The firm has a 50 day moving average of GBX 66.78 and a 200 day moving average of GBX 67.14. The stock’s market cap is GBX 43.61 billion.

In other news, insider Antonio Horta-Osorio bought 4,873 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of GBX 66 ($0.87) per share, with a total value of £3,216.18 ($4,244.10). Also, insider George Culmer bought 101,589 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of GBX 66 ($0.87) per share, with a total value of £67,048.74 ($88,478.15). Over the last ninety days, insiders have acquired 111,908 shares of company stock valued at $7,385,829.

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About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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