UBS Group Reiterates “GBX 85” Price Target for Lloyds Banking Group (LLOY)

Lloyds Banking Group (LON:LLOY) has been assigned a GBX 85 ($1.19) price target by investment analysts at UBS Group in a report issued on Monday, www.boersen-zeitung.de reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price suggests a potential upside of 26.77% from the stock’s previous close.

A number of other brokerages have also recently issued reports on LLOY. Deutsche Bank boosted their target price on shares of Lloyds Banking Group from GBX 77 ($1.08) to GBX 83 ($1.16) and gave the company a “buy” rating in a report on Friday, January 26th. HSBC reissued a “buy” rating and set a GBX 72 ($1.01) target price on shares of Lloyds Banking Group in a report on Monday, January 29th. Credit Suisse Group set a GBX 85 ($1.19) target price on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Thursday, February 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a GBX 90 ($1.26) target price on shares of Lloyds Banking Group in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. Lloyds Banking Group currently has an average rating of “Buy” and an average target price of GBX 76.08 ($1.07).

Shares of Lloyds Banking Group (LLOY) opened at GBX 67.05 ($0.94) on Monday. Lloyds Banking Group has a 1-year low of GBX 61.81 ($0.87) and a 1-year high of GBX 73.58 ($1.03). The stock has a market cap of $48,630.00 and a price-to-earnings ratio of 1,676.25.

In other Lloyds Banking Group news, insider Antonio Horta-Osorio purchased 4,747 shares of the stock in a transaction on Wednesday, December 13th. The stock was acquired at an average cost of GBX 67 ($0.94) per share, with a total value of £3,180.49 ($4,459.46). Insiders acquired 9,989 shares of company stock valued at $664,614 over the last three months.

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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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