Lloyds Banking Group PLC (LLOY) Given a GBX 77 Price Target by S&P Global Analysts
Lloyds Banking Group PLC (LON:LLOY) has been assigned a GBX 77 ($1.02) price objective by research analysts at S&P Global in a report released on Wednesday. The firm currently has a “buy” rating on the financial services provider’s stock. S&P Global’s price target would suggest a potential upside of 14.24% from the stock’s previous close.
Several other brokerages have also commented on LLOY. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 27th. UBS AG set a GBX 85 ($1.12) price target on Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Friday, July 21st. Morgan Stanley set a GBX 80 ($1.06) price target on Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 77 ($1.02) price target on shares of Lloyds Banking Group PLC in a research note on Thursday, October 5th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 75.07 ($0.99).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 0.80% during trading on Wednesday, reaching GBX 67.94. The company had a trading volume of 280,165,114 shares. The stock has a 50 day moving average price of GBX 66.12 and a 200 day moving average price of GBX 66.94. The firm’s market capitalization is GBX 43.26 billion. Lloyds Banking Group PLC has a 12 month low of GBX 53.25 and a 12 month high of GBX 73.58.
In related news, insider Antonio Horta-Osorio purchased 4,837 shares of Lloyds Banking Group PLC stock in a transaction that occurred on Wednesday, October 18th. The stock was purchased at an average cost of GBX 66 ($0.87) per share, with a total value of £3,192.42 ($4,212.75). Also, insider George Culmer purchased 101,589 shares of Lloyds Banking Group PLC stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of GBX 66 ($0.87) per share, with a total value of £67,048.74 ($88,478.15). Over the last three months, insiders acquired 111,908 shares of company stock valued at $7,385,829.
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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