Lloyds Banking Group (LLOY) Given a GBX 80 Price Target by Royal Bank of Canada Analysts

Lloyds Banking Group (LON:LLOY) has been assigned a GBX 80 ($1.05) target price by analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the financial services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 27.71% from the stock’s current price.

LLOY has been the topic of several other reports. Bank of America lowered Lloyds Banking Group to an “underperform” rating in a research report on Thursday, April 18th. Credit Suisse Group set a GBX 83 ($1.08) target price on Lloyds Banking Group and gave the company a “buy” rating in a research report on Tuesday, March 19th. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday. Goldman Sachs Group raised Lloyds Banking Group to a “neutral” rating and upped their target price for the company from GBX 57 ($0.74) to GBX 66 ($0.86) in a research report on Tuesday, March 12th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 80 ($1.05) target price on shares of Lloyds Banking Group in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 73.13 ($0.96).

LLOY opened at GBX 62.64 ($0.82) on Thursday. The firm has a market capitalization of $44.37 billion and a PE ratio of 11.39. Lloyds Banking Group has a 12 month low of GBX 49.52 ($0.65) and a 12 month high of GBX 67.46 ($0.88).

In other news, insider Antonio Horta-Osorio sold 300,002 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of GBX 63 ($0.82), for a total value of £189,001.26 ($246,963.62). Also, insider George Culmer bought 102,305 shares of the stock in a transaction dated Monday, March 18th. The stock was bought at an average price of GBX 65 ($0.85) per share, for a total transaction of £66,498.25 ($86,891.74).

Lloyds Banking Group Company Profile

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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