Lloyds Banking Group PLC (LON:LLOY) shares fell 0% during mid-day trading on Thursday . The stock traded as low as GBX 67.44 ($0.90) and last traded at GBX 67.57 ($0.90). 48,385,894 shares were traded during mid-day trading, a decline of 60% from the average session volume of 119,480,000 shares. The stock had previously closed at GBX 67.57 ($0.90).
Several research firms have issued reports on LLOY. Morgan Stanley set a GBX 80 ($1.07) price target on Lloyds Banking Group and gave the company a “buy” rating in a report on Monday, October 2nd. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 73 ($0.98) price target on shares of Lloyds Banking Group in a report on Tuesday, September 26th. Jefferies Group boosted their target price on shares of Lloyds Banking Group from GBX 87 ($1.16) to GBX 91 ($1.22) and gave the company a “buy” rating in a research note on Wednesday, September 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 83 ($1.11) target price on shares of Lloyds Banking Group in a research note on Tuesday, September 19th. Finally, UBS Group set a GBX 85 ($1.14) target price on shares of Lloyds Banking Group and gave the company a “buy” rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the company. Lloyds Banking Group has an average rating of “Buy” and an average price target of GBX 75.93 ($1.02).
The firm has a market capitalization of $48,590.00 and a price-to-earnings ratio of 1,688.00.
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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