Brokerages Set Lloyds Banking Group PLC (LLOY) Price Target at $75.75

Lloyds Banking Group PLC (LON:LLOY) has earned a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 75.75 ($1.00).

LLOY has been the topic of several analyst reports. Investec reissued a “buy” rating and set a GBX 75 ($0.99) target price on shares of Lloyds Banking Group PLC in a research report on Tuesday, July 18th. Morgan Stanley set a GBX 85 ($1.12) target price on Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Monday, July 17th. Jefferies Group LLC boosted their target price on Lloyds Banking Group PLC from GBX 86 ($1.13) to GBX 87 ($1.15) and gave the company a “buy” rating in a research report on Wednesday, July 12th. UBS AG set a GBX 85 ($1.12) target price on Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, July 27th.

In other Lloyds Banking Group PLC news, insider George Culmer purchased 101,589 shares of the firm’s stock in a transaction on 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 purchased 4,837 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was acquired at an average price of GBX 66 ($0.87) per share, with a total value of £3,192.42 ($4,212.75). Over the last quarter, insiders acquired 111,908 shares of company stock valued at $7,385,829.

Lloyds Banking Group PLC (LON:LLOY) traded down GBX 0.55 ($0.01) during midday trading on Thursday, hitting GBX 67.39 ($0.89). The stock had a trading volume of 104,694,992 shares, compared to its average volume of 134,870,000. Lloyds Banking Group PLC has a 52-week low of GBX 54.05 ($0.71) and a 52-week high of GBX 73.58 ($0.97).

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About Lloyds Banking Group PLC

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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