Morgan Stanley reiterated their equal weight rating on shares of Lloyds Banking Group (LON:LLOY) in a research report report published on Tuesday. Morgan Stanley currently has a GBX 75 ($1.04) price target on the financial services provider’s stock.
LLOY has been the topic of a number of other reports. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group in a research note on Tuesday, November 28th. Deutsche Bank raised their target price on Lloyds Banking Group from GBX 77 ($1.06) to GBX 83 ($1.15) and gave the company a buy rating in a research note on Friday, January 26th. Credit Suisse Group reiterated an outperform rating and issued a GBX 85 ($1.17) target price on shares of Lloyds Banking Group in a research note on Friday, February 9th. Societe Generale reiterated a buy rating on shares of Lloyds Banking Group in a research note on Monday, October 23rd. Finally, HSBC reiterated a buy rating and issued a GBX 76 ($1.05) target price on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 76.08 ($1.05).
Shares of Lloyds Banking Group (LON LLOY) opened at GBX 67.71 ($0.94) on Tuesday. The stock has a market capitalization of $48,630.00 and a price-to-earnings ratio of 1,692.83. Lloyds Banking Group has a one year low of GBX 61.81 ($0.85) and a one year high of GBX 73.58 ($1.02).
In other news, insider Antonio Horta-Osorio bought 4,747 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of GBX 67 ($0.93) per share, with a total value of £3,180.49 ($4,394.16). Over the last ninety days, insiders have purchased 5,378 shares of company stock worth $360,732.
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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.
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