BNP Paribas Reiterates “Outperform” Rating for Lloyds Banking Group PLC (LLOY)

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Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reissued by stock analysts at BNP Paribas in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 100 ($1.56) price objective on the financial services provider’s stock. BNP Paribas’ target price suggests a potential upside of 14.72% from the company’s current price.

Lloyds Banking Group PLC (LON:LLOY) opened at 87.1090 on Wednesday. Lloyds Banking Group PLC has a 1-year low of GBX 70.72 and a 1-year high of GBX 89.35. The stock has a 50-day moving average of GBX 86.31 and a 200-day moving average of GBX 81.19. The company’s market cap is £66.28 billion.

In other Lloyds Banking Group PLC news, insider Henry,Simon purchased 100,000 shares of Lloyds Banking Group PLC stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average price of GBX 0.85 ($0.01) per share, with a total value of £850 ($1,326.47). Also, insider Juan Colombás sold 2,750,000 shares of Lloyds Banking Group PLC stock in a transaction dated Friday, June 12th. The stock was sold at an average price of GBX 86.50 ($1.35), for a total value of £2,378,750 ($3,712,156.68).

A number of other firms have also recently commented on LLOY. Analysts at Grupo Santander reiterated a “buy” rating and set a GBX 102 ($1.59) price target on shares of Lloyds Banking Group PLC in a research note on Monday. Analysts at Deutsche Bank reiterated a “buy” rating and set a GBX 100 ($1.56) price target (up previously from GBX 97 ($1.51)) on shares of Lloyds Banking Group PLC in a research note on Monday. Analysts at Citigroup Inc. reiterated a “neutral” rating and set a GBX 93 ($1.45) price target on shares of Lloyds Banking Group PLC in a research note on Friday, July 17th. Analysts at Investec reiterated a “hold” rating and set a GBX 86 ($1.34) price target on shares of Lloyds Banking Group PLC in a research note on Tuesday, July 14th. Finally, analysts at Barclays reiterated an “overweight” rating and set a GBX 105 ($1.64) price target on shares of Lloyds Banking Group PLC in a research note on Monday, July 13th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 92.28 ($1.44).

Lloyds Banking Group plc is a United Kingdom-based financial services company. The Company provides a range of banking and financial services, primarily in the United Kingdom, to individual and business customers. It operates through four segments: Retail; Commercial Banking; Wealth, Asset Finance and International; and Insurance. Retail provides banking, mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking provides banking and related services to business clients, from small businesses to large corporates. The Wealth, Asset Finance and International segment conducts the Company’s private banking and asset management activities. The segment is also engaged in operating its international retail businesses, and the Company’s United Kingdom and international asset finance and online deposit businesses. Insurance provides long-term savings, protection and investment products as well as general insurance products in the United Kingdom.

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