Lloyds Banking Group PLC (LLOY) Rating Reiterated by Macquarie
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reiterated by stock analysts at Macquarie in a report issued on Wednesday. They currently have a GBX 65 ($0.81) target price on the financial services provider’s stock. Macquarie’s target price would indicate a potential upside of 8.91% from the stock’s current price.
LLOY has been the subject of several other research reports. Davy Research reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research report on Tuesday, October 25th. Investec upgraded shares of Lloyds Banking Group PLC to a “buy” rating and set a GBX 86 ($1.07) price target for the company in a research report on Thursday, August 25th. Citigroup Inc. reiterated a “sell” rating and issued a GBX 53 ($0.66) price target on shares of Lloyds Banking Group PLC in a research report on Wednesday, August 31st. Morgan Stanley set a GBX 70 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 67 ($0.84) price target on shares of Lloyds Banking Group PLC in a research report on Tuesday, October 11th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 65.63 ($0.82).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 59.147 on Wednesday. The firm’s market cap is GBX 35.97 billion. The stock has a 50 day moving average of GBX 56.46 and a 200 day moving average of GBX 58.83. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 75.56.
In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio acquired 3,330 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was purchased 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 acquired 3,069 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was acquired 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.
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.