Lloyds Banking Group (LLOY) Price Target Increased to GBX 83 by Analysts at Deutsche Bank

Lloyds Banking Group (LON:LLOY) had its target price boosted by stock analysts at Deutsche Bank from GBX 77 ($1.04) to GBX 83 ($1.13) in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential upside of 16.47% from the company’s current price.

Several other research firms also recently commented on LLOY. Citigroup reissued a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Berenberg Bank reissued a “sell” rating and issued a GBX 55 ($0.75) price objective on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, October 25th. Barclays reaffirmed an “overweight” rating and set a GBX 77 ($1.04) price target on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Finally, S&P Global set a GBX 77 ($1.04) price target on Lloyds Banking Group and gave the company a “buy” rating in a report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 76.03 ($1.03).

Lloyds Banking Group (LON LLOY) traded up GBX 0.01 ($0.00) during midday trading on Friday, hitting GBX 71.26 ($0.97). The stock had a trading volume of 138,950,000 shares, compared to its average volume of 103,810,000. The firm has a market cap of $51,290.00 and a P/E ratio of 1,781.50. Lloyds Banking Group has a 12 month low of GBX 61.81 ($0.84) and a 12 month high of GBX 73.58 ($1.00).

In related news, insider Antonio Horta-Osorio purchased 4,833 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of GBX 66 ($0.90) per share, for a total transaction of £3,189.78 ($4,325.71). Insiders purchased 10,213 shares of company stock worth $679,622 in the last 90 days.

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About Lloyds Banking Group

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.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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