Lloyds Banking Group PLC’s (LLOY) Overweight Rating Reiterated at Barclays PLC
Barclays PLC reissued their overweight rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report released on Tuesday morning. Barclays PLC currently has a GBX 75 ($0.94) price target on the financial services provider’s stock.
Other equities analysts have also recently issued research reports about the company. J P Morgan Chase & Co set a GBX 68 ($0.85) price target on Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Friday, November 4th. S&P Global Inc. set a GBX 62 ($0.77) price target on Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Wednesday, October 26th. Beaufort Securities reissued a buy rating on shares of Lloyds Banking Group PLC in a research note on Thursday, October 27th. Morgan Stanley set a GBX 70 ($0.87) price target on Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Tuesday, December 6th. Finally, Shore Capital reissued a buy rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, December 20th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 68.22 ($0.85).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 66.79 on Tuesday. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 74.00. The stock’s 50 day moving average is GBX 65.28 and its 200-day moving average is GBX 59.45. The stock’s market cap is GBX 40.61 billion.
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In other news, insider Antonio Horta-Osorio acquired 189,000 shares of the stock in a transaction dated Wednesday, December 14th. The shares were acquired at an average cost of GBX 63 ($0.79) per share, for a total transaction of £119,070 ($148,800.30). Over the last 90 days, insiders have bought 189,584 shares of company stock worth $11,944,544.
About Lloyds Banking Group PLC
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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