Lloyds Banking Group PLC (LON:LLOY) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Lloyds Banking Group PLC (LON:LLOY) have been assigned an average rating of “Buy” from the twenty-three analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 75.88 ($0.99).
Several brokerages recently issued reports on LLOY. Citigroup Inc. reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Friday. BNP Paribas reiterated an “underperform” rating and issued a GBX 63 ($0.82) target price on shares of Lloyds Banking Group PLC in a research report on Wednesday, July 19th. Investec reiterated a “buy” rating and issued a GBX 75 ($0.98) target price on shares of Lloyds Banking Group PLC in a research report on Tuesday, July 18th. Morgan Stanley set a GBX 85 ($1.11) target price on shares of Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC upped their target price on shares of Lloyds Banking Group PLC from GBX 86 ($1.12) to GBX 87 ($1.13) and gave the stock a “buy” rating in a research report on Wednesday, July 12th.
Lloyds Banking Group PLC (LON:LLOY) traded down 0.32% during mid-day trading on Monday, reaching GBX 67.89. The company had a trading volume of 117,705,639 shares. The stock has a 50 day moving average price of GBX 67.66 and a 200 day moving average price of GBX 67.33. The company’s market capitalization is GBX 53.76 billion. Lloyds Banking Group PLC has a one year low of GBX 50.68 and a one year high of GBX 73.58.
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In related news, insider Antonio Horta-Osorio purchased 4,784 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was bought at an average cost of GBX 67 ($0.87) per share, with a total value of £3,205.28 ($4,175.72). Over the last three months, insiders purchased 55,580 shares of company stock valued at $3,975,500.
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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