Barclays Reiterates Overweight Rating for Lloyds Banking Group (LLOY)

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Lloyds Banking Group (LON:LLOY)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a report issued on Wednesday.

LLOY has been the subject of several other research reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Lloyds Banking Group in a research note on Thursday, November 15th. UBS Group set a GBX 80 ($1.05) price target on Lloyds Banking Group and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Royal Bank of Canada set a GBX 80 ($1.05) price target on Lloyds Banking Group and gave the stock a “buy” rating in a research note on Thursday, December 20th. JPMorgan Chase & Co. set a GBX 85 ($1.11) price target on Lloyds Banking Group and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, Goldman Sachs Group set a GBX 56 ($0.73) price target on Lloyds Banking Group and gave the stock a “sell” rating in a research note on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 75.13 ($0.98).

Lloyds Banking Group stock opened at GBX 57.90 ($0.76) on Wednesday. Lloyds Banking Group has a one year low of GBX 61.81 ($0.81) and a one year high of GBX 73.58 ($0.96).

In other news, insider Simon Henry bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average price of GBX 55 ($0.72) per share, with a total value of £27,500 ($35,933.62). Also, insider James Lupton bought 200,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average cost of GBX 52 ($0.68) per share, with a total value of £104,000 ($135,894.42). Insiders purchased a total of 250,210 shares of company stock valued at $13,162,600 in the last three months.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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