Barclays reissued their overweight rating on shares of Lloyds Banking Group (LON:LLOY) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada reaffirmed a buy rating on shares of OceanaGold in a research report on Friday, July 5th. Morgan Stanley upped their target price on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an equal weight rating in a research report on Tuesday, June 11th. Jefferies Financial Group lowered their target price on Seres Therapeutics from $6.00 to $4.00 and set a hold rating on the stock in a research report on Monday, July 1st. Bank of America reaffirmed an underperform rating and set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group in a research report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. set a €50.00 ($58.14) target price on Brenntag and gave the stock a buy rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 70.06 ($0.92).

Shares of LLOY opened at GBX 56.79 ($0.74) on Wednesday. Lloyds Banking Group has a 52-week low of GBX 49.52 ($0.65) and a 52-week high of GBX 66.79 ($0.87). The firm has a 50 day simple moving average of GBX 57.64. The firm has a market capitalization of $40.11 billion and a price-to-earnings ratio of 10.33.

In related news, insider Stuart Sinclair purchased 362,664 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of GBX 61 ($0.80) per share, for a total transaction of £221,225.04 ($289,069.70). Also, insider Antonio Horta-Osorio sold 374,554 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of GBX 57 ($0.74), for a total value of £213,495.78 ($278,970.05).

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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