Credit Suisse Group set a GBX 90 ($1.18) price objective on Lloyds Banking Group (LON:LLOY) in a research note published on Friday. The firm currently has a buy rating on the financial services provider’s stock.
A number of other research analysts have also issued reports on the stock. Royal Bank of Canada set a GBX 90 ($1.18) price objective on shares of Lloyds Banking Group and gave the company a buy rating in a report on Friday, November 2nd. HSBC set a GBX 66 ($0.86) price objective on shares of Lloyds Banking Group and gave the company a neutral rating in a report on Tuesday, October 30th. Cfra set a GBX 67 ($0.88) price objective on shares of Lloyds Banking Group and gave the company a buy rating in a report on Friday, October 26th. Barclays reiterated an overweight rating on shares of Lloyds Banking Group in a report on Friday, October 26th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Lloyds Banking Group in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 76.28 ($1.00).
LON LLOY traded up GBX 0.30 ($0.00) during trading hours on Friday, reaching GBX 59.95 ($0.78). The company’s stock had a trading volume of 147,606,743 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a 52 week low of GBX 61.81 ($0.81) and a 52 week high of GBX 73.58 ($0.96).
In other Lloyds Banking Group news, insider Juan Colombás sold 225,567 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of GBX 60 ($0.78), for a total transaction of £135,340.20 ($176,845.94).
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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