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.
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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Lloyds Banking Group right now?
Before you consider Lloyds Banking Group, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Lloyds Banking Group was not on the list.
Although Lloyds Banking Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here