Lloyds Banking Group PLC (LLOY) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Lloyds Banking Group PLC (LON:LLOY) have been given an average recommendation of “Buy” by the eighteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 76.08 ($0.99).
A number of research firms have weighed in on LLOY. Credit Suisse Group boosted their target price on shares of Lloyds Banking Group from GBX 85 ($1.11) to GBX 90 ($1.18) and gave the stock an “outperform” rating in a report on Monday, September 24th. Barclays set a GBX 90 ($1.18) target price on shares of Lloyds Banking Group and gave the stock a “buy” rating in a report on Monday, September 24th. BNP Paribas set a GBX 70 ($0.91) target price on shares of Lloyds Banking Group and gave the stock a “neutral” rating in a report on Thursday, September 20th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Wednesday, August 29th. Finally, Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Wednesday, September 5th.
In other news, insider Juan Colombás sold 225,567 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of GBX 60 ($0.78), for a total value of £135,340.20 ($176,845.94). Also, insider Simon Henry acquired 50,000 shares of Lloyds Banking Group stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,933.62). Over the last ninety days, insiders bought 50,465 shares of company stock worth $2,777,645.
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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