Lloyds Banking Group (LON:LLOY) Receives “Overweight” Rating from Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Lloyds Banking Group (LON:LLOY) in a research report released on Monday, Digital Look reports.

A number of other research firms also recently weighed in on LLOY. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group in a research report on Thursday, October 31st. Goldman Sachs Group lifted their price objective on shares of Lloyds Banking Group from GBX 47 ($0.61) to GBX 51 ($0.67) and gave the company a sell rating in a report on Thursday, November 14th. Citigroup reissued a neutral rating on shares of Lloyds Banking Group in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on shares of Lloyds Banking Group from GBX 72 ($0.94) to GBX 68 ($0.89) and set a neutral rating on the stock in a research report on Thursday, October 31st. Finally, HSBC set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group and gave the stock a neutral rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 64.93 ($0.85).

Shares of Lloyds Banking Group stock opened at GBX 59.78 ($0.78) on Monday. The business’s 50 day simple moving average is GBX 59.34 and its 200 day simple moving average is GBX 56.20. Lloyds Banking Group has a 52-week low of GBX 48.16 ($0.63) and a 52-week high of GBX 66.79 ($0.87). The firm has a market cap of $42.19 billion and a PE ratio of 21.35.

In other Lloyds Banking Group news, insider Antonio Horta-Osorio sold 182,112 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of GBX 55 ($0.72), for a total transaction of £100,161.60 ($130,878.87).

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. It 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, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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