Lloyds Banking Group PLC’s (LLOY) “Overweight” Rating Reiterated at Barclays PLC
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “overweight” rating reissued by research analysts at Barclays PLC in a research report issued on Wednesday. They presently have a GBX 77 ($1.00) price objective on the financial services provider’s stock. Barclays PLC’s price target indicates a potential upside of 15.42% from the company’s current price.
Several other research analysts also recently weighed in on LLOY. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 90 ($1.17) target price on shares of Lloyds Banking Group PLC in a research note on Tuesday, February 28th. Deutsche Bank AG set a GBX 68 ($0.88) target price on shares of Lloyds Banking Group PLC and gave the company a “neutral” rating in a research note on Monday, March 6th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a GBX 60 ($0.78) target price on shares of Lloyds Banking Group PLC in a research note on Wednesday, March 8th. BNP Paribas restated an “underperform” rating and issued a GBX 57 ($0.74) target price on shares of Lloyds Banking Group PLC in a research note on Thursday, March 16th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Monday, March 20th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 74.58 ($0.97).
Shares of Lloyds Banking Group PLC (LON LLOY) traded up 0.85% during midday trading on Wednesday, hitting GBX 66.71. 95,346,692 shares of the stock were exchanged. The firm’s market cap is GBX 52.82 billion. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 73.58. The firm has a 50 day moving average of GBX 69.38 and a 200 day moving average of GBX 66.95.
In related news, insider Antonio Horta-Osorio bought 5,107 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The stock was purchased at an average price of GBX 63 ($0.82) per share, for a total transaction of £3,217.41 ($4,167.63). Insiders purchased a total of 55,715 shares of company stock valued at $3,964,117 in the last quarter.
Lloyds Banking Group PLC Company Profile
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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