Lloyds Banking Group PLC (LLOY) Given “Hold” Rating at Deutsche Bank AG
Deutsche Bank AG restated their hold rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note published on Thursday morning. They currently have a GBX 58 ($0.72) target price on the financial services provider’s stock.
Several other research firms have also recently commented on LLOY. Citigroup Inc. set a GBX 50 ($0.62) price target on shares of Lloyds Banking Group PLC and gave the company a sell rating in a research note on Thursday, July 28th. Shore Capital reissued a buy rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 28th. Royal Bank Of Canada decreased their price target on shares of Lloyds Banking Group PLC from GBX 75 ($0.94) to GBX 70 ($0.87) and set an outperform rating on the stock in a research note on Monday, August 15th. Barclays PLC reissued an equal weight rating and set a GBX 65 ($0.81) price target on shares of Lloyds Banking Group PLC in a research note on Friday, July 29th. Finally, Natixis reissued a neutral rating and set a GBX 56 ($0.70) price target on shares of Lloyds Banking Group PLC in a research note on Thursday, October 27th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Lloyds Banking Group PLC has a consensus rating of Hold and an average target price of GBX 65.63 ($0.82).
Lloyds Banking Group PLC (LON:LLOY) opened at 58.82 on Thursday. The stock’s market capitalization is GBX 35.77 billion. The firm’s 50-day moving average is GBX 56.46 and its 200 day moving average is GBX 58.83. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 75.56.
In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio purchased 3,069 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were purchased at an average cost of GBX 62 ($0.77) per share, with a total value of £1,902.78 ($2,377.29). Also, insider Horta-Osorio,Antonio purchased 3,330 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were acquired at an average cost of GBX 57 ($0.71) per share, for a total transaction of £1,898.10 ($2,371.44).
About Lloyds Banking Group PLC
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.
Receive News & Stock Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related stocks with our FREE daily email newsletter.