Lloyds Banking Group (LON:LLOY) Price Target Lowered to GBX 65 at Barclays

Lloyds Banking Group (LON:LLOYFree Report) had its price target trimmed by Barclays from GBX 67 ($0.84) to GBX 65 ($0.81) in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also issued reports on LLOY. Citigroup reiterated a buy rating on shares of Lloyds Banking Group in a research note on Monday, October 16th. JPMorgan Chase & Co. reiterated an underweight rating on shares of Lloyds Banking Group in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of GBX 58.75 ($0.74).

Read Our Latest Analysis on LLOY

Lloyds Banking Group Price Performance

Shares of LON:LLOY opened at GBX 43.05 ($0.54) on Friday. The firm has a market capitalization of ¬£27.36 billion, a PE ratio of 478.33, a price-to-earnings-growth ratio of 0.69 and a beta of 1.24. The firm’s 50-day moving average is GBX 42.63 and its two-hundred day moving average is GBX 43.60. Lloyds Banking Group has a 1 year low of GBX 39.42 ($0.49) and a 1 year high of GBX 54.33 ($0.68).

Insider Buying and Selling

In other news, insider William Chalmers bought 149,714 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were purchased at an average cost of GBX 45 ($0.56) per share, for a total transaction of ¬£67,371.30 ($84,287.88). Insiders own 0.30% of the company’s stock.

About Lloyds Banking Group

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Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance, Pensions, and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers.

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