Todays Stocks: Lloyds Banking Group PLC (LLOY) Insider Purchases £149.04 in Stock
- Author: Zachary Reyes Jun 04, 2017,
Jun 04, 2017, 21:54
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.
COPYRIGHT VIOLATION WARNING: This article was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & global copyright & trademark law. The original version of this story can be viewed at https://baseballnewssource.com/markets/lloyds-banking-group-plc-lloy-insider-buys-36000-in-stock-updated/824363.html. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment.
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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