Credit Suisse Group Upgrades Lloyds Banking Group PLC (LLOY) to “Outperform”

Credit Suisse Group upgraded shares of Lloyds Banking Group PLC (LON:LLOY) to an outperform rating in a research report released on Tuesday, October 10th, MarketBeat.com reports. Credit Suisse Group currently has GBX 80 ($1.06) target price on the financial services provider’s stock, up from their previous target price of GBX 75 ($1.00).

Other analysts also recently issued reports about the company. UBS AG set a GBX 85 ($1.13) target price on Lloyds Banking Group PLC and gave the stock a buy rating in a research report on Wednesday, June 28th. Deutsche Bank AG reiterated a buy rating and set a GBX 73 ($0.97) target price on shares of Lloyds Banking Group PLC in a research report on Tuesday, September 19th. BNP Paribas reiterated an underperform rating and set a GBX 63 ($0.84) target price on shares of Lloyds Banking Group PLC in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a GBX 58 ($0.77) target price on shares of Lloyds Banking Group PLC in a research report on Monday, June 12th. Finally, Berenberg Bank reiterated a sell rating and set a GBX 55 ($0.73) target price on shares of Lloyds Banking Group PLC in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 75.02 ($1.00).

Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 67.256 on Tuesday. Lloyds Banking Group PLC has a 52-week low of GBX 53.25 and a 52-week high of GBX 73.58. The company’s market cap is GBX 42.82 billion. The stock’s 50 day moving average is GBX 65.72 and its 200 day moving average is GBX 66.85.

TRADEMARK VIOLATION NOTICE: This article was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/10/20/lloyds-banking-group-plc-lloy-upgraded-to-outperform-by-credit-suisse-group.html.

The firm also recently declared a dividend, which was paid on Wednesday, September 27th. Investors of record on Thursday, August 10th were issued a GBX 1 ($0.01) dividend. This represents a yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 10th.

In other news, insider George Culmer acquired 101,589 shares of the business’s stock in a transaction on Monday, September 18th. The shares were purchased at an average price of GBX 66 ($0.88) per share, for a total transaction of £67,048.74 ($89,089.48). Also, insider Antonio Horta-Osorio acquired 4,873 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of GBX 66 ($0.88) per share, for a total transaction of £3,216.18 ($4,273.43). Insiders purchased 111,908 shares of company stock valued at $7,385,829 in the last three months.

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.

Analyst Recommendations for Lloyds Banking Group PLC (LON:LLOY)

Receive News & Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply