Todays Stocks: Lloyds Banking Group PLC (LLOY) Insider Purchases £149.04 in Stock

Based on an average daily trading volume, of 6,752,549 shares, the days-to-cover ratio is now 2.4 days. Goldman Sachs Group Inc set a GBX 58 ($0.75) target price on shares of Lloyds Banking Group PLC and gave the company a "sell" rating in a research report on Saturday, May 20th. Lloyds Banking Group PLC has a 1-year low of $2.47 and a 1-year high of $4.35. Insiders have purchased 55,905 shares of company stock worth $3,976,803 over the last 90 days.

Lloyds Banking Group PLC (LON LLOY) traded down 1.15% during midday trading on Tuesday, hitting GBX 69.35. Finally, JPMorgan Chase & Co. lifted their price target on Cineworld Group plc from GBX 700 ($8.99) to GBX 720 ($9.25) and gave the stock an "overweight" rating in a report on Friday, March 10th. Private Advisor Group LLC boosted its position in Lloyds Banking Group PLC by 199.6% in the first quarter.

In related news, insider Antonio Horta-Osorio purchased 50,000 shares of the company's stock in a transaction on Wednesday, May 17th.

Lloyds Banking Group PLC (NYSE:LYG)'s stock had its "underperform" rating reiterated by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday, May 9th.

The group said MBNA would deliver strong financial returns, including 3% statutory earnings per share accretion in the first year and 5% the following year. The firm's market cap is GBX 55.89 billion. The company's 50-day moving average is GBX 68.51 and its 200-day moving average is GBX 65.72. The stock now has a consensus rating of "Hold" and an average price target of $3.50. Institutional investors and hedge funds own 1.69% of the company's stock. Six research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock.

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He added: "The acquisition, which is funded through strong internal capital generation, increases our participation in the United Kingdom prime credit card market, where we were underrepresented, and strengthens our position as a UK-focused retail and commercial bank".

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  • Zachary Reyes