Lloyds Banking Group’s (LLOY) Buy Rating Reiterated at Jefferies Group
Jefferies Group restated their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Wednesday. The firm currently has a GBX 91 ($1.22) target price on the financial services provider’s stock.
Several other research firms have also recently issued reports on LLOY. Societe Generale reaffirmed a buy rating on shares of Lloyds Banking Group in a report on Monday, September 11th. Goldman Sachs Group reaffirmed a sell rating on shares of Lloyds Banking Group in a report on Wednesday, September 6th. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group in a report on Wednesday, October 25th. Deutsche Bank reaffirmed a buy rating and issued a GBX 73 ($0.98) price target on shares of Lloyds Banking Group in a report on Tuesday, September 19th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 90 ($1.21) price target on shares of Lloyds Banking Group in a report on Monday, September 4th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 75.98 ($1.02).
Lloyds Banking Group (LLOY) traded down GBX 1.11 ($0.01) on Wednesday, reaching GBX 64.89 ($0.87). The company’s stock had a trading volume of 179,860,000 shares, compared to its average volume of 138,250,000. Lloyds Banking Group has a 12-month low of GBX 56.93 ($0.76) and a 12-month high of GBX 73.58 ($0.99).
In other Lloyds Banking Group news, insider George Culmer acquired 101,589 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average cost of GBX 66 ($0.88) per share, for a total transaction of £67,048.74 ($89,793.41). Also, insider Antonio Horta-Osorio acquired 4,833 shares of the firm’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, with a total value of £3,189.78 ($4,271.84). Insiders purchased 111,907 shares of company stock valued at $7,385,802 over the last quarter.
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Lloyds Banking Group 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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