JPMorgan Chase & Co. reiterated their overweight rating on shares of Lloyds Banking Group (LON:LLOY) in a report published on Thursday. They currently have a GBX 85 ($1.17) price objective on the financial services provider’s stock.
A number of other equities research analysts have also issued reports on the stock. Goldman Sachs Group set a GBX 55 ($0.76) price target on shares of Lloyds Banking Group and gave the company a sell rating in a report on Wednesday, November 8th. Credit Suisse Group restated an outperform rating and set a GBX 80 ($1.11) price target on shares of Lloyds Banking Group in a report on Thursday, November 16th. Deutsche Bank boosted their price target on shares of Lloyds Banking Group from GBX 77 ($1.06) to GBX 83 ($1.15) and gave the company a buy rating in a report on Friday, January 26th. Barclays restated an overweight rating and set a GBX 77 ($1.06) price target on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Finally, Citigroup restated a sell rating and set a GBX 61 ($0.84) price target on shares of Lloyds Banking Group in a report on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. Lloyds Banking Group has an average rating of Buy and an average target price of GBX 76.43 ($1.06).
Shares of Lloyds Banking Group (LLOY) opened at GBX 68.57 ($0.95) on Thursday. Lloyds Banking Group has a 1-year low of GBX 61.81 ($0.85) and a 1-year high of GBX 73.58 ($1.02). The stock has a market cap of $49,480.00 and a P/E ratio of 1,714.25.
In other Lloyds Banking Group news, insider Antonio Horta-Osorio bought 4,747 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of GBX 67 ($0.93) per share, with a total value of £3,180.49 ($4,394.16). Insiders acquired 5,378 shares of company stock valued at $360,732 over the last three months.
About Lloyds Banking Group
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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