Deutsche Bank Trims Lloyds Banking Group (LLOY) Target Price to GBX 68

Lloyds Banking Group (LON:LLOY) had its target price reduced by Deutsche Bank from GBX 77 ($1.01) to GBX 68 ($0.89) in a research report sent to investors on Friday morning. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on LLOY. UBS Group set a GBX 80 ($1.05) price target on Lloyds Banking Group and gave the stock a buy rating in a research note on Monday, January 7th. JPMorgan Chase & Co. set a GBX 85 ($1.11) price target on Lloyds Banking Group and gave the stock a buy rating in a research note on Thursday, October 25th. Royal Bank of Canada set a GBX 90 ($1.18) price target on Lloyds Banking Group and gave the stock a buy rating in a research note on Thursday, October 25th. Goldman Sachs Group set a GBX 56 ($0.73) price target on Lloyds Banking Group and gave the stock a sell rating in a research note on Thursday, October 25th. Finally, Barclays reissued an overweight rating on shares of Lloyds Banking Group in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 76.19 ($1.00).

Shares of LLOY stock opened at GBX 55.02 ($0.72) on Friday. Lloyds Banking Group has a 52-week low of GBX 61.81 ($0.81) and a 52-week high of GBX 73.58 ($0.96).

In related news, insider James Lupton bought 200,000 shares of the stock in a transaction dated Monday, December 17th. The shares were purchased at an average price of GBX 52 ($0.68) per share, for a total transaction of £104,000 ($135,894.42). Also, insider Simon Henry bought 50,000 shares of the stock in a transaction dated Monday, November 19th. The stock was bought at an average price of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,933.62). In the last quarter, insiders have acquired 250,210 shares of company stock worth $13,162,600.

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. 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.

Featured Article: Momentum Indicator: Relative Strength Index

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

Receive News & Ratings for Lloyds Banking Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lloyds Banking Group and related companies with MarketBeat.com’s FREE daily email newsletter.