Lloyds Banking Group (LLOY) Given “Sell” Rating at Citigroup

Citigroup reaffirmed their sell rating on shares of Lloyds Banking Group (LON:LLOY) in a research note issued to investors on Wednesday.

Several other research firms have also commented on LLOY. Royal Bank Of Canada restated an outperform rating and set a GBX 90 ($1.21) price target on shares of Lloyds Banking Group in a research report on Friday, October 27th. UBS set a GBX 85 ($1.14) price target on Lloyds Banking Group and gave the stock a buy rating in a research report on Thursday, October 26th. J P Morgan Chase & Co raised their price target on Lloyds Banking Group from GBX 83 ($1.11) to GBX 85 ($1.14) and gave the stock an overweight rating in a research report on Thursday, October 26th. Barclays restated an overweight rating on shares of Lloyds Banking Group in a research report on Thursday, October 26th. Finally, Berenberg Bank restated a sell rating and set a GBX 55 ($0.74) price target on shares of Lloyds Banking Group in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of Buy and an average price target of GBX 75.98 ($1.02).

Lloyds Banking Group (LLOY) opened at GBX 64.89 ($0.87) on Wednesday. Lloyds Banking Group has a 52-week low of GBX 56.93 ($0.76) and a 52-week high of GBX 73.58 ($0.99).

In other news, insider George Culmer bought 101,589 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of GBX 66 ($0.88) per share, for a total transaction of £67,048.74 ($89,793.41). Also, insider Antonio Horta-Osorio bought 4,833 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of GBX 66 ($0.88) per share, for a total transaction of £3,189.78 ($4,271.84). Insiders have bought 111,907 shares of company stock worth $7,385,802 in the last quarter.

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Lloyds Banking Group 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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