Lloyds Banking Group (LON:LLOY) has been assigned a GBX 70 ($0.91) target price by research analysts at BNP Paribas in a report issued on Thursday, September 20th. The firm currently has a “neutral” rating on the financial services provider’s stock. BNP Paribas’ price target indicates a potential upside of 20.38% from the stock’s previous close.
LLOY has been the subject of a number of other reports. Deutsche Bank set a GBX 76 ($0.99) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a research report on Tuesday, September 18th. Goldman Sachs Group decreased their price objective on shares of Lloyds Banking Group from GBX 56 ($0.73) to GBX 55 ($0.72) and set a “sell” rating for the company in a research report on Wednesday, September 12th. Societe Generale reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, September 10th. Barclays reissued an “overweight” rating and issued a GBX 90 ($1.18) price objective on shares of Lloyds Banking Group in a research report on Thursday, September 6th. Finally, Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Lloyds Banking Group presently has a consensus rating of “Buy” and a consensus price target of GBX 76 ($0.99).
LON LLOY traded up GBX 0.25 ($0.00) during trading hours on Thursday, hitting GBX 58.15 ($0.76). The company had a trading volume of 265,655,201 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a fifty-two week low of GBX 61.81 ($0.81) and a fifty-two week high of GBX 73.58 ($0.96).
In other Lloyds Banking Group news, insider Juan Colombás sold 225,567 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of GBX 60 ($0.78), for a total value of £135,340.20 ($176,845.94).
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. The company 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, and unsecured consumer lending products to personal and small business customers.
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