Lloyds Banking Group (LON:LLOY – Free 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).
Lloyds Banking Group Price Performance
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
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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