Shore Capital restated their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a research note published on Wednesday, May 1st, LSE.Co.UK reports.
Several other research analysts also recently issued reports on LLOY. Societe Generale reiterated a buy rating on shares of Lloyds Banking Group in a research note on Tuesday, April 9th. Jefferies Financial Group reissued a buy rating on shares of Lloyds Banking Group in a report on Tuesday, April 9th. Macquarie reissued a neutral rating and set a GBX 64 ($0.84) price objective on shares of Lloyds Banking Group in a report on Thursday, February 21st. Bank of America cut shares of Lloyds Banking Group to an underperform rating in a report on Thursday, April 18th. Finally, Goldman Sachs Group raised shares of Lloyds Banking Group to a neutral rating and upped their target price for the company from GBX 57 ($0.74) to GBX 66 ($0.86) in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 72.93 ($0.95).
LON:LLOY traded down GBX 1.17 ($0.02) during mid-day trading on Wednesday, hitting GBX 60.34 ($0.79). 136,223,068 shares of the company’s stock were exchanged, compared to its average volume of 151,650,000. Lloyds Banking Group has a one year low of GBX 49.52 ($0.65) and a one year high of GBX 67.46 ($0.88). The firm has a market capitalization of $42.72 billion and a P/E ratio of 10.97.
In other news, insider Antonio Horta-Osorio sold 300,002 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 63 ($0.82), for a total value of £189,001.26 ($246,963.62). Also, insider George Culmer bought 102,305 shares of the stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of GBX 65 ($0.85) per share, with a total value of £66,498.25 ($86,891.74).
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. 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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