Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating restated by research analysts at Citigroup Inc. in a note issued to investors on Friday.
Several other research analysts also recently commented on the stock. BNP Paribas reiterated an “underperform” rating and issued a GBX 65 ($0.85) target price on shares of Lloyds Banking Group PLC in a report on Friday, March 24th. Berenberg Bank downgraded shares of Lloyds Banking Group PLC to a “sell” rating and set a GBX 55 ($0.72) target price on the stock. in a report on Monday, March 27th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 70 ($0.91) target price on shares of Lloyds Banking Group PLC in a report on Tuesday, March 28th. Societe Generale reiterated a “buy” rating and issued a GBX 80 ($1.04) target price on shares of Lloyds Banking Group PLC in a report on Thursday, March 30th. Finally, Jefferies Group LLC lifted their target price on shares of Lloyds Banking Group PLC from GBX 82 ($1.07) to GBX 86 ($1.12) and gave the stock a “buy” rating in a report on Monday, April 3rd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. Lloyds Banking Group PLC presently has a consensus rating of “Buy” and an average price target of GBX 75.26 ($0.98).
Shares of Lloyds Banking Group PLC (LON LLOY) opened at 68.11 on Friday. The stock’s market capitalization is GBX 53.93 billion. Lloyds Banking Group PLC has a 12 month low of GBX 50.68 and a 12 month high of GBX 73.58. The company’s 50-day moving average is GBX 67.66 and its 200-day moving average is GBX 67.33.
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In related news, insider Antonio Horta-Osorio bought 4,784 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was bought at an average cost of GBX 67 ($0.87) per share, with a total value of £3,205.28 ($4,185.53). Over the last ninety days, insiders acquired 55,580 shares of company stock valued at $3,975,500.
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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