Lloyds Banking Group (LLOY) Rating Reiterated by Barclays

Lloyds Banking Group (LON:LLOY)‘s stock had its “overweight” rating restated by Barclays in a report released on Monday. They presently have a GBX 90 ($1.18) price target on the financial services provider’s stock. Barclays’ price target would indicate a potential upside of 62.57% from the company’s previous close.

Several other analysts have also issued reports on LLOY. JPMorgan Chase & Co. set a GBX 85 ($1.11) target price on Lloyds Banking Group and gave the stock a “buy” rating in a report on Wednesday, August 1st. Credit Suisse Group reissued an “outperform” rating on shares of Lloyds Banking Group in a report on Thursday, November 15th. UBS Group set a GBX 80 ($1.05) target price on Lloyds Banking Group and gave the stock a “buy” rating in a report on Wednesday, October 17th. Berenberg Bank raised Lloyds Banking Group to a “hold” rating and set a GBX 60 ($0.78) target price on the stock in a report on Tuesday, September 4th. Finally, Goldman Sachs Group set a GBX 56 ($0.73) target price on Lloyds Banking Group and gave the stock a “sell” rating in a report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Lloyds Banking Group presently has a consensus rating of “Buy” and an average price target of GBX 76.28 ($1.00).

Shares of LON LLOY opened at GBX 55.36 ($0.72) on Monday. 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 related news, insider Juan Colombás sold 225,567 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of GBX 60 ($0.78), for a total value of £135,340.20 ($176,845.94). Also, insider Simon Henry acquired 50,000 shares of Lloyds Banking Group stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average cost of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,933.62). Insiders purchased 50,465 shares of company stock worth $2,777,645 over the last ninety days.

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. 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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