Lloyds Banking Group (LON:LLOY) Coverage Initiated at Numis Securities

Research analysts at Numis Securities began coverage on shares of Lloyds Banking Group (LON:LLOY) in a report issued on Tuesday, February 5th. The firm set a “hold” rating and a GBX 54 ($0.71) price target on the financial services provider’s stock. Numis Securities’ price target suggests a potential downside of 14.08% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Credit Suisse Group reiterated an “outperform” rating on shares of Lloyds Banking Group in a report on Thursday, November 15th. UBS Group set a GBX 80 ($1.05) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Wednesday, October 17th. Royal Bank of Canada set a GBX 80 ($1.05) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Thursday, December 20th. JPMorgan Chase & Co. set a GBX 85 ($1.11) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Thursday, October 25th. Finally, Goldman Sachs Group set a GBX 56 ($0.73) price objective on shares of Lloyds Banking Group and gave the company a “sell” rating in a report on Friday, November 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Lloyds Banking Group has an average rating of “Buy” and an average price target of GBX 72.50 ($0.95).

Shares of LON LLOY traded down GBX 0.69 ($0.01) during mid-day trading on Tuesday, hitting GBX 62.85 ($0.82). The company’s stock had a trading volume of 171,206,611 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a one year low of GBX 61.81 ($0.81) and a one year high of GBX 73.58 ($0.96).

In other Lloyds Banking Group news, insider James Lupton bought 200,000 shares of the stock in a transaction on Monday, December 17th. The stock was purchased at an average price of GBX 52 ($0.68) per share, with a total value of £104,000 ($135,894.42).

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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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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