Lloyds Banking Group PLC (LLOY) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Lloyds Banking Group PLC (LON:LLOY) have been given an average rating of “Buy” by the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 75.75 ($1.00).
A number of research analysts recently issued reports on LLOY shares. Deutsche Bank AG restated a “buy” rating and set a GBX 79 ($1.04) price objective on shares of Lloyds Banking Group PLC in a research report on Wednesday, July 5th. UBS AG set a GBX 85 ($1.12) price objective on Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC boosted their price objective on Lloyds Banking Group PLC from GBX 86 ($1.13) to GBX 87 ($1.15) and gave the company a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley set a GBX 85 ($1.12) price target on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Investec reiterated a “buy” rating and set a GBX 75 ($0.99) price target on shares of Lloyds Banking Group PLC in a research report on Tuesday, July 18th.
In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio purchased 4,837 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were 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 the company’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of GBX 66 ($0.87) per share, for a total transaction of £67,048.74 ($88,478.15). Insiders have purchased 111,908 shares of company stock worth $7,385,829 over the last three months.
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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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