Lloyds Banking Group (LON:LLOY) has been given a GBX 90 ($1.18) price objective by equities research analysts at Royal Bank of Canada in a research note issued to investors on Friday. The firm currently has a “buy” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 50.98% from the company’s previous close.
LLOY has been the topic of several other reports. Barclays restated an “overweight” rating and set a GBX 90 ($1.18) target price on shares of Lloyds Banking Group in a report on Thursday, September 6th. Deutsche Bank set a GBX 76 ($0.99) price target on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Credit Suisse Group raised their price target on shares of Lloyds Banking Group from GBX 85 ($1.11) to GBX 90 ($1.18) and gave the stock an “outperform” rating in a research note on Monday, September 24th. Societe Generale reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, September 10th. Finally, Berenberg Bank reaffirmed a “sell” rating and set a GBX 60 ($0.78) price target on shares of Lloyds Banking Group in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Lloyds Banking Group currently has a consensus rating of “Buy” and a consensus price target of GBX 76.28 ($1.00).
LLOY stock traded up GBX 0.76 ($0.01) during mid-day trading on Friday, hitting GBX 59.61 ($0.78). 89,832,199 shares of the company were exchanged, compared to its average volume of 151,650,000. Lloyds Banking Group has a 1-year low of GBX 61.81 ($0.81) and a 1-year high of GBX 73.58 ($0.96).
In other Lloyds Banking Group news, insider Juan Colombás sold 225,567 shares of Lloyds Banking Group stock in a transaction 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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