Lloyds Banking Group PLC (LLOY) Given Average Rating of “Buy” by Brokerages

Shares of Lloyds Banking Group PLC (LON:LLOY) have received a consensus rating of “Buy” from the twenty-one brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 76.31 ($1.03).

A number of equities research analysts recently commented on the company. reiterated a “buy” rating and issued a GBX 76 ($1.03) target price on shares of Lloyds Banking Group in a research report on Monday, September 18th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 83 ($1.13) target price on shares of Lloyds Banking Group in a research report on Tuesday, September 19th. Deutsche Bank reiterated a “buy” rating and issued a GBX 73 ($0.99) target price on shares of Lloyds Banking Group in a research report on Tuesday, September 19th. Beaufort Securities reiterated a “buy” rating and issued a GBX 80 ($1.08) target price on shares of Lloyds Banking Group in a research report on Tuesday, September 19th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of Lloyds Banking Group in a research report on Friday, September 22nd.

Shares of Lloyds Banking Group (LON LLOY) opened at GBX 70.60 ($0.96) on Tuesday. Lloyds Banking Group has a 52 week low of GBX 61.81 ($0.84) and a 52 week high of GBX 73.58 ($1.00). The firm has a market capitalization of $50,810.00 and a PE ratio of 1,765.00.

In related news, insider Antonio Horta-Osorio purchased 4,837 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was bought at an average cost of GBX 66 ($0.90) per share, with a total value of £3,192.42 ($4,329.29). Insiders acquired 15,050 shares of company stock valued at $998,864 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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