Jefferies Financial Group Uplifts Lloyds Banking Group (LON:LLOY) Target Price to GBX 99

Jefferies Financial Group Uplifts Lloyds Banking Group (LON:LLOY) Target Price to GBX 99

Lloyds Banking Group (LON:LLOY) had its target price raised by Jefferies Financial Group from GBX 91 ($1.19) to GBX 99 ($1.29) in a report issued on Wednesday, November 21st. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group set a GBX 80 ($1.05) price objective on shares of Lloyds Banking Group and gave the stock a buy rating in a research report on Friday, August 31st. Deutsche Bank reaffirmed a buy rating and set a GBX 76 ($0.99) target price on shares of Lloyds Banking Group in a research note on Thursday, August 2nd. JPMorgan Chase & Co. set a GBX 85 ($1.11) target price on shares of Lloyds Banking Group and gave the stock a buy rating in a research note on Wednesday, August 1st. Societe Generale reissued a buy rating on shares of Lloyds Banking Group in a research note on Monday, September 10th. Finally, Barclays set a GBX 90 ($1.18) price objective on shares of Lloyds Banking Group and gave the company a buy rating in a research note on Monday, September 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 77.29 ($1.01).

LLOY traded up GBX 0.79 ($0.01) during midday trading on Wednesday, hitting GBX 56.20 ($0.73). 204,328,870 shares of the company traded hands, compared to its average volume of 151,650,000. 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 other Lloyds Banking Group news, insider Simon Henry acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average cost of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,933.62). Also, insider Juan Colombás sold 225,567 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of GBX 60 ($0.78), for a total transaction of £135,340.20 ($176,845.94). Insiders have acquired a total of 50,465 shares of company stock worth $2,777,645 over the last 90 days.

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.

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