Lloyds Banking Group plc (LLOY) Earns Outperform Rating from Credit Suisse Group
Credit Suisse Group restated their outperform rating on shares of Lloyds Banking Group plc (LON:LLOY) in a research report report published on Thursday morning. Credit Suisse Group currently has a GBX 80 ($1.05) target price on the financial services provider’s stock.
Several other analysts also recently commented on the stock. UBS AG set a GBX 85 ($1.12) target price on shares of Lloyds Banking Group plc and gave the stock a buy rating in a report on Tuesday, November 14th. Goldman Sachs Group, Inc. (The) set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group plc and gave the stock a sell rating in a report on Wednesday, November 8th. Royal Bank Of Canada restated an outperform rating and set a GBX 90 ($1.18) target price on shares of Lloyds Banking Group plc in a report on Friday, October 27th. Berenberg Bank restated a sell rating and set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group plc in a report on Thursday, October 26th. Finally, Barclays PLC restated an overweight rating on shares of Lloyds Banking Group plc in a report on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 75.98 ($1.00).
Shares of Lloyds Banking Group plc (LON:LLOY) traded down GBX 0.07 ($0.00) during mid-day trading on Thursday, reaching GBX 65.99 ($0.87). 93,419,375 shares of the company’s stock traded hands, compared to its average volume of 140,590,000. Lloyds Banking Group plc has a 52-week low of GBX 56.93 ($0.75) and a 52-week high of GBX 73.58 ($0.97).
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In other news, insider Antonio Horta-Osorio bought 4,833 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of GBX 66 ($0.87) per share, with a total value of £3,189.78 ($4,195.42). Also, insider George Culmer bought 101,589 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average cost of GBX 66 ($0.87) per share, with a total value of £67,048.74 ($88,187.22). Insiders have bought 111,907 shares of company stock valued at $7,385,802 in the last three months.
About Lloyds Banking Group plc
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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