Lloyds Banking Group (LON:LLOY) Rating Reiterated by Deutsche Bank

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently issued reports on LLOY. Goldman Sachs Group set a GBX 29 ($0.36) price objective on Lloyds Banking Group and gave the stock a “sell” rating in a report on Thursday. JPMorgan Chase & Co. set a GBX 45 ($0.55) target price on Lloyds Banking Group and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley reiterated a “buy” rating and issued a GBX 45 ($0.55) target price on shares of Lloyds Banking Group in a report on Friday, July 24th. Credit Suisse Group upgraded Lloyds Banking Group to an “outperform” rating and set a GBX 40 ($0.49) target price on the stock in a report on Thursday, July 23rd. Finally, Jefferies Financial Group dropped their target price on Lloyds Banking Group from GBX 47 ($0.58) to GBX 42 ($0.52) and set a “buy” rating on the stock in a report on Thursday, June 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 45.21 ($0.56).

LON LLOY opened at GBX 26.29 ($0.32) on Friday. The stock’s 50-day moving average price is GBX 31.08 and its two-hundred day moving average price is GBX 38.70. The company has a market cap of $18.60 billion and a PE ratio of 11.43. Lloyds Banking Group has a 1 year low of GBX 0.30 ($0.00) and a 1 year high of GBX 73.66 ($0.91).

In other news, insider James Lupton purchased 1,000,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of GBX 26 ($0.32) per share, with a total value of £260,000 ($319,960.62). In the last three months, insiders purchased 1,001,226 shares of company stock valued at $26,040,040.

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. It 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, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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