Berenberg Bank set a GBX 55 ($0.72) price objective on Lloyds Banking Group (LON:LLOY) in a research note released on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
LLOY has been the subject of a number of other reports. Royal Bank of Canada set a GBX 75 ($0.98) target price on Lloyds Banking Group and gave the company a buy rating in a report on Wednesday. HSBC set a GBX 58 ($0.76) target price on Lloyds Banking Group and gave the company a neutral rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. set a GBX 70 ($0.91) target price on Lloyds Banking Group and gave the company a neutral rating in a report on Wednesday. Barclays restated an overweight rating on shares of Lloyds Banking Group in a report on Wednesday, July 17th. Finally, Shore Capital restated a buy rating on shares of Lloyds Banking Group in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 69.44 ($0.91).
Shares of LON LLOY traded down GBX 1.58 ($0.02) during mid-day trading on Thursday, reaching GBX 51.26 ($0.67). 219,371,215 shares of the company’s stock were exchanged, compared to its average volume of 151,650,000. The stock’s 50-day moving average is GBX 57.19. Lloyds Banking Group has a 52-week low of GBX 49.52 ($0.65) and a 52-week high of GBX 66.79 ($0.87). The firm has a market capitalization of $36.12 billion and a price-to-earnings ratio of 9.32.
In other Lloyds Banking Group news, insider William Chalmers sold 384,733 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of GBX 53 ($0.69), for a total value of £203,908.49 ($266,442.56). Also, insider Antonio Horta-Osorio sold 374,554 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of GBX 57 ($0.74), for a total value of £213,495.78 ($278,970.05). Insiders sold a total of 842,868 shares of company stock worth $46,588,125 in the last ninety days.
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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