Societe Generale Reaffirms  Buy Rating for Lloyds Banking Group PLC (LLOY)

societe-generale-reaffirms-160buy-rating-for-lloyds-banking-group-plc-lloy.jpg

Lloyds Banking Group PLC (LON:LLOY)‘s stock had its ” buy” rating reaffirmed by equities research analysts at Societe Generale in a research report issued on Wednesday. They currently have a GBX 70 ($0.93) price target on the financial services provider’s stock. Societe Generale’s price objective indicates a potential upside of 20.52% from the stock’s current price.
A number of other equities research analysts have also issued reports on LLOY. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 90 ($1.20) target price on shares of Lloyds Banking Group PLC in a research note on Thursday, May 12th. Deutsche Bank AG reduced their target price on Lloyds Banking Group PLC from GBX 79 ($1.05) to GBX 78 ($1.04) and set a “buy” rating on the stock in a research note on Tuesday, May 24th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a GBX 83 ($1.11) target price on shares of Lloyds Banking Group PLC in a research note on Wednesday, June 1st. Morgan Stanley set a GBX 90 ($1.20) target price on Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 17th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 69.74 ($0.93).
In related news, insider Frew,Anita acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average price of GBX 55 ($0.73) per share, for a total transaction of £27,500 ($36,627.60). Also, insider Horta-Osorio,Antonio acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, June 28th. The shares were bought at an average price of GBX 54 ($0.72) per share, for a total transaction of £54,000 ($71,923.28).

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/societe-generale-reaffirms-buy-rating-for-lloyds-banking-group-plc-lloy.html

Lloyds Banking Group PLC (LON:LLOY) traded down 0.8561% on Wednesday, reaching GBX 57.5828. The company had a trading volume of 116,876,197 shares. The stock’s 50-day moving average price is GBX 55.69 and its 200 day moving average price is GBX 63.49. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 78.02. The firm’s market capitalization is GBX 33.41 billion.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Investors of record on Thursday, August 11th will be paid a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 1.62%.
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

Receive News & Ratings for Lloyds Banking Group PLC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lloyds Banking Group PLC and related companies with MarketBeat.com’s FREE daily email newsletter.

Be the first to comment on "Societe Generale Reaffirms  Buy Rating for Lloyds Banking Group PLC (LLOY)"

Leave a comment

Your email address will not be published.


*