Credit Suisse Group initiated coverage on shares of Lloyds Banking Group (LON:LLOY) in a report released on Tuesday morning, Borsen Zeitung reports. The firm issued a neutral rating and a GBX 60 ($0.79) price objective on the financial services provider’s stock.
A number of other research analysts have also recently weighed in on the stock. Goldman Sachs Group cut their price objective on shares of Lloyds Banking Group from GBX 56 ($0.74) to GBX 54 ($0.71) and set a sell rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reissued a buy rating and set a GBX 66 ($0.87) target price on shares of Lloyds Banking Group in a research note on Thursday, January 23rd. Shore Capital reissued a buy rating and set a GBX 72 ($0.95) target price on shares of Lloyds Banking Group in a research note on Tuesday, January 14th. Jefferies Financial Group lowered their target price on shares of Lloyds Banking Group from GBX 88 ($1.16) to GBX 78 ($1.03) and set a buy rating for the company in a research note on Wednesday, January 22nd. Finally, Barclays reissued an overweight rating on shares of Lloyds Banking Group in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 65.13 ($0.86).
LLOY stock opened at GBX 56.61 ($0.74) on Tuesday. Lloyds Banking Group has a twelve month low of GBX 48.16 ($0.63) and a twelve month high of GBX 73.66 ($0.97). The stock has a market capitalization of $39.79 billion and a price-to-earnings ratio of 20.22. The firm’s fifty day simple moving average is GBX 59.38 and its two-hundred day simple moving average is GBX 56.99.
In related news, insider Juan Colombás sold 1,000,000 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of GBX 63 ($0.83), for a total value of £630,000 ($828,729.28). Also, insider Sara V. Weller acquired 32,988 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of GBX 61 ($0.80) per share, with a total value of £20,122.68 ($26,470.24).
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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