Deutsche Bank AG Reiterates GBX 79 Price Target for Lloyds Banking Group PLC (LON:LLOY)
Lloyds Banking Group PLC (LON:LLOY) has been assigned a GBX 79 ($1.03) price objective by investment analysts at Deutsche Bank AG in a research note issued to investors on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 22.22% from the company’s current price.
LLOY has been the topic of a number of other research reports. Credit Suisse Group reissued a “neutral” rating and set a GBX 70 ($0.91) price objective on shares of Lloyds Banking Group PLC in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) set a GBX 57 ($0.74) price objective on Lloyds Banking Group PLC and gave the company a “sell” rating in a report on Monday, April 24th. Macquarie set a GBX 65 ($0.85) price objective on Lloyds Banking Group PLC and gave the company a “neutral” rating in a report on Monday, April 24th. Barclays PLC reissued an “overweight” rating and set a GBX 77 ($1.00) price objective (up previously from GBX 75 ($0.98)) on shares of Lloyds Banking Group PLC in a report on Tuesday, April 25th. Finally, Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group PLC in a report on Thursday, April 27th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Lloyds Banking Group PLC currently has a consensus rating of “Buy” and a consensus price target of GBX 75.26 ($0.98).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 65.23 on Monday. The stock’s 50 day moving average price is GBX 66.75 and its 200-day moving average price is GBX 67.50. Lloyds Banking Group PLC has a one year low of GBX 50.84 and a one year high of GBX 73.58. The stock’s market cap is GBX 41.53 billion.
In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio acquired 4,784 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was purchased at an average price of GBX 67 ($0.87) per share, for a total transaction of £3,205.28 ($4,174.09). In the last quarter, insiders acquired 55,369 shares of company stock valued at $3,960,571.
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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