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

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

Several other research analysts have also recently commented on LLOY. Jefferies Financial Group lowered their target price on shares of Seres Therapeutics from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Monday, July 1st. Shore Capital reaffirmed a “house stock” rating on shares of WM Morrison Supermarkets in a report on Wednesday, May 1st. JPMorgan Chase & Co. set a €28.20 ($32.79) target price on shares of AXA and gave the stock a “buy” rating in a report on Thursday, May 2nd. Davy Research raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 28th. Finally, Bank of America reaffirmed an “underperform” rating and set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Lloyds Banking Group presently has a consensus rating of “Buy” and a consensus price target of GBX 70.69 ($0.92).

Shares of LLOY opened at GBX 57.68 ($0.75) on Friday. Lloyds Banking Group has a 12 month low of GBX 49.52 ($0.65) and a 12 month high of GBX 66.79 ($0.87). The stock’s 50 day simple moving average is GBX 57.72. The company has a market capitalization of $40.79 billion and a PE ratio of 10.49.

In related news, insider Antonio Horta-Osorio sold 374,554 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of GBX 57 ($0.74), for a total transaction of £213,495.78 ($278,970.05). Also, insider Stuart Sinclair bought 362,664 shares of the business’s stock in a transaction on Friday, May 17th. The stock was bought at an average price of GBX 61 ($0.80) per share, for a total transaction of £221,225.04 ($289,069.70).

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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