Lloyds Banking Group’s (LLOY) Sell Rating Reaffirmed at Citigroup

Lloyds Banking Group (LON:LLOY)‘s stock had its “sell” rating reiterated by equities researchers at Citigroup in a note issued to investors on Monday.

Several other equities analysts also recently issued reports on LLOY. UBS Group set a GBX 85 ($1.17) target price on Lloyds Banking Group and gave the company a “buy” rating in a research report on Friday, October 20th. Deutsche Bank increased their price target on Lloyds Banking Group from GBX 73 ($1.01) to GBX 77 ($1.06) and gave the stock a “buy” rating in a research report on Monday, October 23rd. Societe Generale reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, October 23rd. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 25th. Finally, Beaufort Securities reaffirmed a “buy” rating and set a GBX 80 ($1.11) price target on shares of Lloyds Banking Group in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 76.08 ($1.05).

Lloyds Banking Group (LON LLOY) traded down GBX 0.08 ($0.00) during midday trading on Monday, hitting GBX 66.47 ($0.92). The company had a trading volume of 126,760,000 shares, compared to its average volume of 137,790,000. Lloyds Banking Group has a 52-week low of GBX 61.81 ($0.85) and a 52-week high of GBX 73.58 ($1.02). The firm has a market cap of $47,910.00 and a P/E ratio of 1,661.75.

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 purchased at an average cost of GBX 66 ($0.91) per share, with a total value of £3,189.78 ($4,406.99). Insiders purchased a total of 9,989 shares of company stock worth $664,614 over the last ninety days.

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Lloyds Banking Group 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.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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