Trading Report: The Lloyds Banking Group PLC (LLOY) Stock Rating Reaffirmed by Natixis

The Lloyds Banking Group PLC (LLOY) Stock Rating Reaffirmed by Natixis

Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “neutral” rating reissued by analysts at Natixis in a report issued on Thursday. They currently have a GBX 56 ($0.68) price target on the financial services provider’s stock. Natixis’ price target would suggest a potential downside of 3.01% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley set a GBX 70 ($0.85) price objective on Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Wednesday, July 6th. Macquarie set a GBX 65 ($0.79) target price on Lloyds Banking Group PLC and gave the stock a “buy” rating in a report on Wednesday, July 6th. Societe Generale reiterated a “buy” rating and issued a GBX 70 ($0.85) target price on shares of Lloyds Banking Group PLC in a report on Sunday, July 3rd. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 63 ($0.77) target price on shares of Lloyds Banking Group PLC in a report on Tuesday, July 19th. Finally, Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a report on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. Lloyds Banking Group PLC currently has an average rating of “Hold” and an average price target of GBX 66.32 ($0.81).

Lloyds Banking Group PLC (LON:LLOY) opened at 57.74 on Thursday. The company’s market capitalization is GBX 35.11 billion. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 75.56. The stock’s 50 day moving average price is GBX 55.38 and its 200 day moving average price is GBX 60.06.

In other news, insider Horta-Osorio,Antonio purchased 3,330 shares of the stock in a transaction dated Friday, September 16th. The stock was acquired at an average cost of GBX 57 ($0.69) per share, for a total transaction of £1,898.10 ($2,313.35).

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