Lloyds Banking Group PLC (LLOY) Receives “Buy” Rating from Deutsche Bank AG
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a report released on Tuesday. They currently have a GBX 73 ($0.98) price objective on the financial services provider’s stock. Deutsche Bank AG’s price target suggests a potential upside of 10.82% from the stock’s previous close.
Several other equities analysts have also issued reports on LLOY. UBS AG set a GBX 85 ($1.14) target price on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Morgan Stanley set a GBX 80 ($1.08) target price on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Monday. J P Morgan Chase & Co set a GBX 83 ($1.12) target price on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Thursday, June 1st. Goldman Sachs Group Inc restated a “sell” rating and set a GBX 58 ($0.78) target price on shares of Lloyds Banking Group PLC in a research report on Monday, June 12th. Finally, BNP Paribas restated an “underperform” rating and set a GBX 63 ($0.85) target price on shares of Lloyds Banking Group PLC in a research report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 74.74 ($1.01).
Lloyds Banking Group PLC (LON LLOY) opened at 65.87 on Tuesday. Lloyds Banking Group PLC has a one year low of GBX 50.84 and a one year high of GBX 73.58. The firm’s market capitalization is GBX 41.94 billion. The firm has a 50 day moving average of GBX 64.91 and a 200 day moving average of GBX 67.08.
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In other Lloyds Banking Group PLC news, insider George Culmer purchased 101,589 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average price of GBX 66 ($0.89) per share, for a total transaction of £67,048.74 ($90,167.75). Also, insider Antonio Horta-Osorio purchased 4,784 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average price of GBX 67 ($0.90) per share, for a total transaction of £3,205.28 ($4,310.49). In the last quarter, insiders have bought 111,855 shares of company stock worth $7,387,115.
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.
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