Lloyds Banking Group PLC (LLOY) Stock Rating Upgraded by Credit Suisse Group
Lloyds Banking Group PLC (LON:LLOY) was upgraded by investment analysts at Credit Suisse Group to an “outperform” rating in a research note issued on Tuesday. The firm presently has a GBX 80 ($1.05) price objective on the financial services provider’s stock, up from their prior price objective of GBX 75 ($0.99). Credit Suisse Group’s price objective would indicate a potential upside of 20.30% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. UBS AG set a GBX 85 ($1.12) target price on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Monday, September 4th. Societe Generale reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Monday, September 11th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, September 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 90 ($1.18) price objective on shares of Lloyds Banking Group PLC in a research report on Monday, September 4th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 79 ($1.04) price objective on shares of Lloyds Banking Group PLC in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 75.02 ($0.99).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 66.63 on Tuesday. The stock’s 50 day moving average is GBX 65.48 and its 200-day moving average is GBX 66.90. Lloyds Banking Group PLC has a 12-month low of GBX 51.68 and a 12-month high of GBX 73.58. The company’s market capitalization is GBX 42.42 billion.
In other news, insider George Culmer acquired 101,589 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of GBX 66 ($0.87) per share, with a total value of £67,048.74 ($88,152.43). Also, insider Antonio Horta-Osorio acquired 4,784 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was purchased at an average cost of GBX 67 ($0.88) per share, for a total transaction of £3,205.28 ($4,214.15). Insiders have acquired a total of 111,855 shares of company stock worth $7,387,115 in the last three months.
Lloyds Banking Group PLC 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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