Lloyds Banking Group (LLOY) Receives Buy Rating from Beaufort Securities

Beaufort Securities reaffirmed their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a report published on Thursday. The firm currently has a GBX 80 ($1.11) price objective on the financial services provider’s stock.

A number of other research analysts have also commented on LLOY. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group in a research report on Wednesday, October 25th. S&P Global set a GBX 77 ($1.06) price objective on Lloyds Banking Group and gave the company a buy rating in a research report on Wednesday, October 25th. UBS Group set a GBX 85 ($1.17) price objective on Lloyds Banking Group and gave the company a buy rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. increased their price objective on Lloyds Banking Group from GBX 83 ($1.15) to GBX 85 ($1.17) and gave the company an overweight rating in a research report on Thursday, October 26th. Finally, Citigroup reiterated a sell rating and issued a GBX 61 ($0.84) price objective on shares of Lloyds Banking Group in a research report on Thursday, October 26th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 76.43 ($1.06).

Shares of Lloyds Banking Group (LON:LLOY) traded down GBX 0.53 ($0.01) on Thursday, reaching GBX 68.65 ($0.95). The company’s stock had a trading volume of 107,010,000 shares, compared to its average volume of 151,750,000. The company has a market cap of $49,480.00 and a price-to-earnings ratio of 1,716.25. Lloyds Banking Group has a 52-week low of GBX 61.81 ($0.85) and a 52-week high of GBX 73.58 ($1.02).

In related news, insider Antonio Horta-Osorio purchased 4,747 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average price of GBX 67 ($0.93) per share, with a total value of £3,180.49 ($4,394.16). In the last three months, insiders bought 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.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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