Lloyds Banking Group PLC (LLOY) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Lloyds Banking Group PLC (LON:LLOY) have earned a consensus recommendation of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 74 ($0.97).
LLOY has been the subject of a number of recent research reports. Royal Bank of Canada set a GBX 90 ($1.18) price objective on Lloyds Banking Group and gave the company a “buy” rating in a research report on Thursday, October 25th. Barclays reiterated an “overweight” rating and set a GBX 90 ($1.18) price objective on shares of Lloyds Banking Group in a research report on Monday, November 19th. Credit Suisse Group cut their price objective on Lloyds Banking Group from GBX 90 ($1.18) to GBX 84 ($1.10) and set an “outperform” rating for the company in a research report on Friday, January 25th. Jefferies Financial Group increased their price objective on Lloyds Banking Group from GBX 91 ($1.19) to GBX 99 ($1.29) and gave the company a “buy” rating in a research report on Wednesday, November 21st. Finally, Deutsche Bank set a GBX 74 ($0.97) price objective on Lloyds Banking Group and gave the company a “buy” rating in a research report on Friday, October 12th.
In other Lloyds Banking Group news, insider Simon Henry bought 50,000 shares of Lloyds Banking Group stock in a transaction dated Monday, November 19th. The stock was bought at an average price of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,933.62). Also, insider James Lupton bought 200,000 shares of Lloyds Banking Group stock in a transaction dated Monday, December 17th. The stock was acquired at an average price of GBX 52 ($0.68) per share, with a total value of £104,000 ($135,894.42). Insiders bought 250,210 shares of company stock valued at $13,162,600 in the last 90 days.
About Lloyds Banking Group
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. The company 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, and unsecured consumer lending products to personal and small business customers.
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