Lloyds Banking Group’s (LLOY) “Buy” Rating Reiterated at Shore Capital
LLOY has been the subject of a number of other reports. UBS set a GBX 85 ($1.14) price objective on shares of Lloyds Banking Group and gave the stock a buy rating in a research note on Friday, August 18th. Beaufort Securities reaffirmed a buy rating and issued a GBX 80 ($1.07) price objective on shares of Lloyds Banking Group in a research note on Tuesday, September 19th. Societe Generale reaffirmed a buy rating on shares of Lloyds Banking Group in a research note on Monday, October 23rd. Deutsche Bank set a GBX 79 ($1.06) price objective on shares of Lloyds Banking Group and gave the stock a buy rating in a research note on Monday, August 14th. Finally, Credit Suisse Group raised shares of Lloyds Banking Group to an outperform rating and upped their price objective for the stock from GBX 75 ($1.00) to GBX 80 ($1.07) in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Lloyds Banking Group presently has a consensus rating of Buy and an average target price of GBX 75.98 ($1.02).
Lloyds Banking Group (LLOY) traded down GBX 1.25 ($0.02) during trading hours on Tuesday, reaching GBX 64.75 ($0.87). 179,862,859 shares of the company were exchanged, compared to its average volume of 134,770,000. Lloyds Banking Group has a 52 week low of GBX 56.93 ($0.76) and a 52 week high of GBX 73.58 ($0.99).
In other Lloyds Banking Group news, insider George Culmer purchased 101,589 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average price of GBX 66 ($0.88) per share, for a total transaction of £67,048.74 ($89,793.41). Also, insider Antonio Horta-Osorio purchased 4,833 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of GBX 66 ($0.88) per share, for a total transaction of £3,189.78 ($4,271.84). In the last quarter, insiders purchased 111,907 shares of company stock worth $7,385,802.
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About Lloyds Banking Group
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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