Trading Report: Today, Lloyds Banking Group PLC (LLOY) Now Covered by Credit Suisse Group AG

Today, Lloyds Banking Group PLC (LLOY) Now Covered by Credit Suisse Group AG

Equities research analysts at Credit Suisse Group AG initiated coverage on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note issued to investors on Tuesday. The firm set a “neutral” rating and a GBX 65 ($0.81) price target on the financial services provider’s stock. Credit Suisse Group AG’s price objective indicates a potential upside of 11.23% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Goldman Sachs Group Inc. set a GBX 53 ($0.66) price target on shares of Lloyds Banking Group PLC and gave the stock a “neutral” rating in a report on Tuesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 65 ($0.81) price target on shares of Lloyds Banking Group PLC in a report on Thursday, October 6th. Deutsche Bank AG increased their price target on shares of Lloyds Banking Group PLC from GBX 57 ($0.71) to GBX 58 ($0.72) and gave the stock a “hold” rating in a report on Friday, October 28th. Citigroup Inc. cut their price target on shares of Lloyds Banking Group PLC from GBX 53 ($0.66) to GBX 48 ($0.60) and set a “sell” rating on the stock in a report on Monday, October 10th. Finally, BNP Paribas reiterated an “underperform” rating and issued a GBX 52 ($0.65) price target on shares of Lloyds Banking Group PLC in a report on Monday, August 8th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 65.61 ($0.81).

Lloyds Banking Group PLC (LON:LLOY) opened at 57.86 on Tuesday. The stock has a 50 day moving average of GBX 56.76 and a 200 day moving average of GBX 58.69. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 75.56. The stock’s market cap is GBX 35.18 billion.

In related news, insider Horta-Osorio,Antonio bought 3,330 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average price of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,354.67). Also, insider Antonio Horta-Osorio bought 3,069 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was bought at an average cost of GBX 62 ($0.77) per share, for a total transaction of £1,902.78 ($2,360.48).

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