Lloyds Banking Group PLC (LLOY) Receives Consensus Rating of “Buy” from Brokerages

Lloyds Banking Group PLC (LON:LLOY) has earned an average rating of “Buy” from the twenty-two brokerages that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 76.45 ($1.03).

A number of equities analysts have recently commented on LLOY shares. Goldman Sachs Group set a GBX 55 ($0.74) price objective on shares of Lloyds Banking Group and gave the company a “sell” rating in a research report on Wednesday, November 8th. UBS set a GBX 85 ($1.14) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a research report on Monday, September 4th. Societe Generale restated a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, September 11th. Credit Suisse Group restated an “outperform” rating and issued a GBX 80 ($1.08) price objective on shares of Lloyds Banking Group in a research report on Thursday, November 16th. Finally, Deutsche Bank raised their price objective on shares of Lloyds Banking Group from GBX 73 ($0.98) to GBX 77 ($1.04) and gave the company a “buy” rating in a research report on Monday, October 23rd.

In other news, insider Antonio Horta-Osorio bought 4,833 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of GBX 66 ($0.89) per share, with a total value of £3,189.78 ($4,293.11). Over the last ninety days, insiders purchased 15,054 shares of company stock worth $998,948.

Lloyds Banking Group (LON:LLOY) opened at GBX 67.31 ($0.91) on Friday. Lloyds Banking Group has a 1 year low of GBX 61.81 ($0.83) and a 1 year high of GBX 73.58 ($0.99).

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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