Lloyds Banking Group PLC (LLOY) Receives New Coverage from Analysts at Credit Suisse Group AG
Credit Suisse Group AG began coverage on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report report published on Tuesday. The firm issued a neutral rating and a GBX 65 ($0.81) target price on the financial services provider’s stock.
Several other research firms also recently weighed in on LLOY. Deutsche Bank AG reiterated a hold rating and set a GBX 59 ($0.73) target price on shares of Lloyds Banking Group PLC in a research report on Thursday, October 13th. RBC Capital Markets set a GBX 70 ($0.87) price objective on Lloyds Banking Group PLC and gave the stock a buy rating in a report on Monday, August 15th. BNP Paribas restated an underperform rating and issued a GBX 55 ($0.68) price objective on shares of Lloyds Banking Group PLC in a report on Monday, August 1st. S&P Global Inc. set a GBX 62 ($0.77) price objective on Lloyds Banking Group PLC and gave the stock a buy rating in a report on Wednesday, October 26th. Finally, Beaufort Securities restated a buy rating on shares of Lloyds Banking Group PLC in a report on Thursday, October 27th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Lloyds Banking Group PLC has a consensus rating of Hold and an average price target of GBX 65.61 ($0.81).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 58.04 on Tuesday. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 75.56. The company’s 50-day moving average price is GBX 56.76 and its 200 day moving average price is GBX 58.69. The stock’s market cap is GBX 35.29 billion.
In related news, insider Antonio Horta-Osorio purchased 3,069 shares of Lloyds Banking Group PLC stock in a transaction on Wednesday, November 16th. The stock was 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 Lloyds Banking Group PLC stock in a transaction on Friday, September 16th. The stock was bought at an average cost of GBX 57 ($0.71) per share, with a total value 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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