Lloyds Banking Group PLC (LLOY) Stock Rating Reaffirmed by BNP Paribas
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “underperform” rating reissued by BNP Paribas in a research report issued on Friday. They currently have a GBX 57 ($0.71) target price on the financial services provider’s stock. BNP Paribas’ price target points to a potential downside of 3.57% from the stock’s current price.
A number of other equities analysts have also commented on the company. Goldman Sachs Group Inc. set a GBX 53 ($0.66) price target on Lloyds Banking Group PLC and gave the stock a “neutral” rating in a report on Tuesday, August 9th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 65 ($0.81) price target on shares of Lloyds Banking Group PLC in a report on Thursday, October 6th. Deutsche Bank AG raised their price target on Lloyds Banking Group PLC from GBX 57 ($0.71) to GBX 58 ($0.72) and gave the stock a “hold” rating in a report on Friday, October 28th. Citigroup Inc. cut their price target on Lloyds Banking Group PLC from GBX 53 ($0.66) to GBX 48 ($0.60) and set a “sell” rating for the company in a report on Monday, October 10th. Finally, Berenberg Bank raised Lloyds Banking Group PLC to a “hold” rating and set a GBX 55 ($0.69) price target for the company in a report on Tuesday, July 26th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. Lloyds Banking Group PLC currently has an average rating of “Hold” and an average price target of GBX 65.55 ($0.82).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 59.77 on Friday. The company’s 50-day moving average price is GBX 56.10 and its 200-day moving average price is GBX 58.89. The company’s market cap is GBX 36.35 billion. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 75.56.
In other news, insider Horta-Osorio,Antonio bought 3,330 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was bought at an average price of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,371.44). Also, insider Antonio Horta-Osorio bought 3,069 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average cost of GBX 62 ($0.77) per share, with a total value of £1,902.78 ($2,377.29).
Lloyds Banking Group PLC Company Profile
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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