Lloyds Banking Group (LON:LLOY) Receives Buy Rating from Societe Generale

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Lloyds Banking Group (LON:LLOY)‘s stock had its “buy” rating reiterated by stock analysts at Societe Generale in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently weighed in on LLOY. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 70 ($0.91) target price (down previously from GBX 75 ($0.98)) on shares of Lloyds Banking Group in a research note on Thursday, August 29th. Bank of America reiterated an “underperform” rating and issued a GBX 55 ($0.72) target price on shares of Lloyds Banking Group in a research note on Tuesday, May 21st. Barclays reiterated an “overweight” rating and issued a GBX 80 ($1.05) target price on shares of Lloyds Banking Group in a research note on Monday. Deutsche Bank set a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group and gave the company a “neutral” rating in a research note on Monday. Finally, HSBC reduced their price objective on shares of Lloyds Banking Group from GBX 58 ($0.76) to GBX 52 ($0.68) and set a “hold” rating for the company in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 66.56 ($0.87).

LLOY opened at GBX 51.62 ($0.67) on Tuesday. The company has a market capitalization of $36.22 billion and a price-to-earnings ratio of 9.74. The firm has a 50-day moving average price of GBX 51.63 and a 200-day moving average price of GBX 58.49. Lloyds Banking Group has a twelve month low of GBX 48.16 ($0.63) and a twelve month high of GBX 66.79 ($0.87).

In related news, insider Amanda Mackenzie OBE purchased 63,567 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of GBX 50 ($0.65) per share, with a total value of £31,783.50 ($41,530.77). Also, insider Antonio Horta-Osorio sold 374,554 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of GBX 57 ($0.74), for a total transaction of £213,495.78 ($278,970.05).

About Lloyds Banking Group

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. It 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, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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