Lloyds Banking Group’s (LLOY) “Hold” Rating Reiterated at Berenberg Bank

Lloyds Banking Group (LON:LLOY)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, February 25th. They presently have a GBX 60 ($0.78) target price on the financial services provider’s stock. Berenberg Bank’s price objective points to a potential downside of 3.71% from the company’s current price.

Several other equities analysts have also weighed in on LLOY. Macquarie restated a “neutral” rating and set a GBX 64 ($0.84) price target on shares of Lloyds Banking Group in a research report on Thursday, February 21st. Deutsche Bank increased their price target on shares of Lloyds Banking Group from GBX 68 ($0.89) to GBX 72 ($0.94) and gave the company a “buy” rating in a research report on Monday, February 25th. Royal Bank of Canada restated an “outperform” rating and set a GBX 80 ($1.05) price target on shares of Lloyds Banking Group in a research report on Tuesday, February 5th. Credit Suisse Group set a GBX 90 ($1.18) price target on shares of Lloyds Banking Group and gave the company a “buy” rating in a research report on Friday, November 9th. Finally, Shore Capital restated a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, February 20th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 73 ($0.95).

Shares of LLOY stock traded down GBX 0.91 ($0.01) on Monday, hitting GBX 62.31 ($0.81). The stock had a trading volume of 162,465,030 shares, compared to its average volume of 151,650,000. The company has a market cap of $44.38 billion and a P/E ratio of 11.33. Lloyds Banking Group has a 12-month low of GBX 49.52 ($0.65) and a 12-month high of GBX 68.61 ($0.90).

In related news, insider George Culmer bought 102,305 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of GBX 65 ($0.85) per share, with a total value of £66,498.25 ($86,891.74). Also, insider Antonio Horta-Osorio sold 300,002 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 63 ($0.82), for a total transaction of £189,001.26 ($246,963.62).

Lloyds Banking Group Company Profile

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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