Investec Boosts Lloyds Banking Group (LLOY) Price Target to GBX 76
Lloyds Banking Group (LON:LLOY) had its target price boosted by Investec from GBX 75 ($1.02) to GBX 76 ($1.03) in a research note released on Monday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
Other equities research analysts have also issued research reports about the stock. Societe Generale reaffirmed a buy rating on shares of Lloyds Banking Group in a research report on Monday, September 11th. Morgan Stanley set a GBX 80 ($1.08) price target on shares of Lloyds Banking Group and gave the company a buy rating in a research report on Monday, October 2nd. Jefferies Group upped their price target on shares of Lloyds Banking Group from GBX 87 ($1.18) to GBX 91 ($1.23) and gave the company a buy rating in a research report on Wednesday, September 27th. Deutsche Bank reaffirmed a buy rating and set a GBX 73 ($0.99) price target on shares of Lloyds Banking Group in a research report on Tuesday, September 26th. Finally, reaffirmed a buy rating and set a GBX 76 ($1.03) price target on shares of Lloyds Banking Group in a research report on Monday, September 18th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. Lloyds Banking Group presently has a consensus rating of Buy and an average target price of GBX 75.73 ($1.03).
Shares of Lloyds Banking Group (LON LLOY) opened at GBX 68.83 ($0.93) on Monday. Lloyds Banking Group has a 52-week low of GBX 61.81 ($0.84) and a 52-week high of GBX 73.58 ($1.00). The company has a market cap of $49,580.00 and a PE ratio of 1,720.75.
In other news, insider Antonio Horta-Osorio acquired 4,747 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average cost of GBX 67 ($0.91) per share, with a total value of £3,180.49 ($4,313.11). Insiders have bought a total of 14,866 shares of company stock worth $986,352 over the last ninety days.
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About Lloyds Banking Group
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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