Lloyds Banking Group plc (LON:LLOY) receives an average “buy” recommendation from analysts

Lloyds Banking Group plc (LON:LLOY – Get a rating) received an average rating of “Buy” by the ten analysts who currently cover the stock, reports MarketBeat.com. One equity research analyst gave the stock a sell rating, two gave the company a hold rating and five gave the company a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the past year is 55.43 GBX ($0.70).

LLOY has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating on Lloyds Banking Group shares in a Wednesday May 11 research report. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 52 ($0.66) price target on Lloyds Banking Group shares in a research report on Friday, May 6. JPMorgan Chase & Co. raised its price target on Lloyds Banking Group shares from GBX 60 ($0.76) to GBX 61 ($0.77) and gave the stock an “overweight” rating in a research report of Thursday, May 19. Shore Capital reaffirmed a “buy” rating on Lloyds Banking Group shares in a Thursday, May 19 research report. Finally, Royal Bank of Canada downgraded Lloyds Banking Group shares to an “underperform” rating and lowered its price target for the stock from GBX 45 ($0.57) to GBX 44 (0. $56) in a Wednesday, March 30, research report.

Shares of LLOY opened at 45.13 GBX ($0.57) on Friday. The company’s 50-day moving average is 45.23 GBX and its 200-day moving average is 47.84 GBX. Lloyds Banking Group has a 12-month low of 38.10 GBX ($0.48) and a 12-month high of 56 GBX ($0.71). The company has a market cap of £31.44 billion and a price to earnings ratio of 6.27.

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In other news, insider William Chalmers sold 322,702 Lloyds Banking Group shares in a trade that took place on Monday March 7. The shares were sold at an average price of 42 GBX ($0.53), for a total transaction of £135,534.84 ($171,476.27). Additionally, insider Charlie Nunn sold 404,092 Lloyds Banking Group shares in a trade that took place on Wednesday, March 23. The stock was sold at an average price of 50 GBX ($0.63), for a total transaction of £202,046 ($255,625.00).

About Lloyds Banking Group (Get a rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the UK. It operates through three segments: Retail; The Commercial Bank; and insurance and heritage. The Retail segment offers a range of financial services products, including current accounts, savings accounts, mortgages, auto finance, unsecured loans, leasing solutions and credit cards to individuals and to small businesses.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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