Lloyds Banking Group (LLOY) Upgraded at Morgan Stanley

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Morgan Stanley upgraded shares of Lloyds Banking Group (LON:LLOY) to an overweight rating in a report published on Monday morning. Morgan Stanley currently has GBX 78 ($1.02) target price on the financial services provider’s stock.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. set a GBX 85 ($1.11) price target on shares of Lloyds Banking Group and gave the stock a buy rating in a research note on Monday, January 14th. Royal Bank of Canada set a GBX 80 ($1.05) price objective on shares of Lloyds Banking Group and gave the stock a buy rating in a report on Wednesday, December 26th. 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 report on Wednesday, October 17th. Credit Suisse Group reaffirmed an outperform rating on shares of Lloyds Banking Group in a report on Thursday, November 15th. Finally, HSBC dropped their price objective on shares of Lloyds Banking Group from GBX 66 ($0.86) to GBX 59 ($0.77) and set a hold rating for the company in a report on Friday, January 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 73.88 ($0.97).

Shares of LLOY opened at GBX 57.95 ($0.76) on Monday. Lloyds Banking Group has a 12 month low of GBX 61.81 ($0.81) and a 12 month high of GBX 73.58 ($0.96).

In other Lloyds Banking Group news, insider Simon Henry acquired 50,000 shares of Lloyds Banking Group stock in a transaction on Monday, November 19th. The shares were purchased at an average cost of GBX 55 ($0.72) per share, with a total value of £27,500 ($35,933.62). Also, insider James Lupton acquired 200,000 shares of Lloyds Banking Group stock in a transaction on Monday, December 17th. The stock was acquired at an average cost of GBX 52 ($0.68) per share, for a total transaction of £104,000 ($135,894.42).

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.

Read More: What do investors mean by earnings per share?

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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