Lloyds Banking Group’s (LLOY) Buy Rating Reiterated at Jefferies Financial Group

Lloyds Banking Group (LON:LLOY)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 99 ($1.29) price objective on the financial services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 85.64% from the stock’s current price.

A number of other research firms also recently commented on LLOY. UBS Group reiterated a “buy” rating on shares of Lloyds Banking Group in a research report on Monday. Goldman Sachs Group set a GBX 67 ($0.88) price objective on Lloyds Banking Group and gave the company a “neutral” rating in a research report on Wednesday. Bank of America restated an “underperform” rating and set a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group in a research report on Tuesday, May 21st. Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group in a report on Friday, July 26th. Finally, Davy Research upgraded Lloyds Banking Group to an “outperform” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 70.06 ($0.92).

Shares of LON:LLOY traded down GBX 1.75 ($0.02) during mid-day trading on Wednesday, reaching GBX 53.33 ($0.70). The stock had a trading volume of 354,887,185 shares, compared to its average volume of 151,650,000. The firm has a market cap of $37.62 billion and a P/E ratio of 9.70. Lloyds Banking Group has a 1 year low of GBX 49.52 ($0.65) and a 1 year high of GBX 66.79 ($0.87). The business has a 50 day moving average of GBX 57.39.

In other Lloyds Banking Group news, insider Stuart Sinclair acquired 362,664 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average price of GBX 61 ($0.80) per share, for a total transaction of £221,225.04 ($289,069.70). Also, insider George Culmer sold 83,581 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of GBX 58 ($0.76), for a total value of £48,476.98 ($63,343.76).

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.

Featured Story: Why is the LIBOR significant?

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.