Lloyds Banking Group PLC (LLOY) Receives New Coverage from Analysts at Credit Suisse Group AG
Credit Suisse Group AG initiated coverage on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report sent to investors on Tuesday. The firm issued a neutral rating and a GBX 65 ($0.81) price target on the financial services provider’s stock.
Several other research firms have also commented on LLOY. Deutsche Bank AG reissued a hold rating and set a GBX 59 ($0.73) price target on shares of Lloyds Banking Group PLC in a research report on Thursday, October 13th. RBC Capital Markets 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, August 15th. BNP Paribas reissued an underperform rating and set a GBX 55 ($0.68) price target on shares of Lloyds Banking Group PLC in a research report on Monday, August 1st. S&P Global Inc. set a GBX 62 ($0.77) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research report on Wednesday, October 26th. Finally, Beaufort Securities reissued a buy rating on shares of Lloyds Banking Group PLC in a research report on Thursday, October 27th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 65.61 ($0.81).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 58.04 on Tuesday. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 75.56. The company’s market capitalization is GBX 35.29 billion. The company’s 50-day moving average is GBX 56.76 and its 200 day moving average is GBX 58.69.
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In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio bought 3,069 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average price of GBX 62 ($0.77) per share, for a total transaction of £1,902.78 ($2,360.48). Also, insider Horta-Osorio,Antonio bought 3,330 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average price of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,354.67).
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.
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