Lloyds Banking Group plc (LON:LLOY) Given a GBX 77 Price Target by S&P Global Analysts

Lloyds Banking Group plc (LON:LLOY) has been assigned a GBX 77 ($1.01) target price by investment analysts at S&P Global in a research report issued to clients and investors on Wednesday, October 25th. The brokerage presently has a “buy” rating on the financial services provider’s stock. S&P Global’s price objective points to a potential upside of 15.82% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group plc in a research report on Thursday, July 27th. UBS AG set a GBX 85 ($1.12) target price on shares of Lloyds Banking Group plc and gave the company a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. reissued a “sell” rating on shares of Lloyds Banking Group plc in a research report on Friday, July 21st. Morgan Stanley set a GBX 80 ($1.05) price objective on shares of Lloyds Banking Group plc and gave the stock a “buy” rating in a research report on Monday, October 2nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 77 ($1.01) price objective on shares of Lloyds Banking Group plc in a research report on Thursday, October 5th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 75.98 ($1.00).

Lloyds Banking Group plc (LON LLOY) traded down GBX 0.20 ($0.00) during mid-day trading on Wednesday, reaching GBX 66.48 ($0.87). 93,188,086 shares of the company traded hands, compared to its average volume of 136,460,000. Lloyds Banking Group plc has a 52 week low of GBX 55.78 ($0.73) and a 52 week high of GBX 73.58 ($0.97).

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In other Lloyds Banking Group plc news, insider George Culmer purchased 101,589 shares of Lloyds Banking Group plc stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of GBX 66 ($0.87) per share, with a total value of £67,048.74 ($88,187.22). Also, insider Antonio Horta-Osorio purchased 4,873 shares of Lloyds Banking Group plc stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of GBX 66 ($0.87) per share, for a total transaction of £3,216.18 ($4,230.15). Insiders have bought 111,947 shares of company stock worth $7,388,442 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)

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