Beaufort Securities reiterated their buy rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report sent to investors on Wednesday. Beaufort Securities currently has a GBX 80 ($1.06) price objective on the financial services provider’s stock.
Other research analysts have also issued research reports about the stock. UBS AG set a GBX 85 ($1.12) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research note on Wednesday, June 28th. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 27th. Investec reissued a buy rating and issued a GBX 75 ($0.99) price objective on shares of Lloyds Banking Group PLC in a report on Tuesday, July 18th. Morgan Stanley set a GBX 85 ($1.12) price objective on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Monday, July 17th. Finally, Jefferies Group LLC boosted their price objective on shares of Lloyds Banking Group PLC from GBX 86 ($1.13) to GBX 87 ($1.15) and gave the company a buy rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the stock. Lloyds Banking Group PLC currently has a consensus rating of Buy and an average price target of GBX 76.03 ($1.00).
Shares of Lloyds Banking Group PLC (LLOY) opened at 68.91 on Wednesday. The company has a 50 day moving average of GBX 66.44 and a 200 day moving average of GBX 66.97. Lloyds Banking Group PLC has a 1-year low of GBX 54.05 and a 1-year high of GBX 73.58. The company’s market cap is GBX 43.88 billion.
In other news, insider George Culmer acquired 101,589 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was bought at an average cost of GBX 66 ($0.87) per share, for a total transaction of £67,048.74 ($88,478.15). Also, insider Antonio Horta-Osorio acquired 4,873 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of GBX 66 ($0.87) per share, with a total value of £3,216.18 ($4,244.10). Over the last 90 days, insiders acquired 111,908 shares of company stock valued at $7,385,829.
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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