22 August 2011 – director shareholding
In last week’s issue we commented on the number of share purchases being undertaken by company directors and highlighted Lloyds Banking Group as the bank which had seen most activity in this regard. After the market closed last Friday, the bank revealed that two directors had bought 250,000 more shares at prices of between 28.05p and 28.58p. With stockbrokers Oriel Securities now giving the shares a buy rating and 70p price target we think that the shares are a BUY.