Lloyds Banking Group (LLOY) Price Target Increased to GBX 76 by Analysts at Investec

Lloyds Banking Group (LON:LLOY) had its price objective upped by analysts at Investec from GBX 75 ($1.02) to GBX 76 ($1.03) in a report released on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Investec’s price target would suggest a potential upside of 10.70% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Deutsche Bank reiterated a “buy” rating and issued a GBX 73 ($0.99) price target on shares of Lloyds Banking Group in a research note on Tuesday, September 19th. Morgan Stanley restated an “overweight” rating and set a GBX 80 ($1.08) price objective on shares of Lloyds Banking Group in a research report on Monday, September 25th. JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group from GBX 83 ($1.13) to GBX 85 ($1.15) and gave the company an “overweight” rating in a research report on Thursday, October 26th. HSBC restated a “buy” rating and set a GBX 76 ($1.03) price objective on shares of Lloyds Banking Group in a research report on Wednesday, November 29th. Finally, Barclays restated an “overweight” rating on shares of Lloyds Banking Group in a research report on Thursday, October 26th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. Lloyds Banking Group currently has a consensus rating of “Buy” and a consensus price target of GBX 75.73 ($1.03).

Shares of Lloyds Banking Group (LON:LLOY) opened at GBX 68.66 ($0.93) on Monday. Lloyds Banking Group has a 12 month low of GBX 61.81 ($0.84) and a 12 month high of GBX 73.58 ($1.00). The stock has a market capitalization of $49,330.00 and a price-to-earnings ratio of 1,716.40.

In other Lloyds Banking Group news, insider Antonio Horta-Osorio purchased 4,837 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was purchased at an average price of GBX 66 ($0.90) per share, with a total value of £3,192.42 ($4,329.29). In the last ninety days, insiders purchased 14,866 shares of company stock valued at $986,352.

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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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