Lloyds Banking Group PLC (LLOY) Earns Hold Rating from Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note published on Thursday. Deutsche Bank AG currently has a GBX 58 ($0.72) price target on the financial services provider’s stock.
Other equities analysts have also issued research reports about the stock. Citigroup Inc. set a GBX 50 ($0.62) target price on shares of Lloyds Banking Group PLC and gave the company a sell rating in a report on Thursday, July 28th. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group PLC in a report on Thursday, July 28th. Royal Bank Of Canada reduced their target price on shares of Lloyds Banking Group PLC from GBX 75 ($0.93) to GBX 70 ($0.87) and set an outperform rating on the stock in a report on Monday, August 15th. Barclays PLC reaffirmed an equal weight rating and set a GBX 65 ($0.81) target price on shares of Lloyds Banking Group PLC in a report on Friday, July 29th. Finally, Natixis reissued a neutral rating and issued a GBX 56 ($0.69) price target on shares of Lloyds Banking Group PLC in a report on Thursday, October 27th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. Lloyds Banking Group PLC has an average rating of Hold and an average price target of GBX 65.61 ($0.81).
Lloyds Banking Group PLC (LON:LLOY) opened at 57.63 on Thursday. The stock has a 50 day moving average price of GBX 56.76 and a 200 day moving average price of GBX 58.69. The company’s market cap is GBX 35.04 billion. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 75.56.
In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio purchased 3,069 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were bought at an average price of GBX 62 ($0.77) per share, with a total value of £1,902.78 ($2,360.48). Also, insider Horta-Osorio,Antonio purchased 3,330 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average cost of GBX 57 ($0.71) per share, for a total transaction of £1,898.10 ($2,354.67).
Lloyds Banking Group PLC Company Profile
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.
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