The Lloyds Banking Group PLC (LLOY) Stock Rating Reaffirmed by Investec

The firm now has a GBX 80 ($1.08) target price on the financial services provider's stock.

Lloyds Banking Group (LON:LLOY)'s stock had its "buy" rating reiterated by research analysts at Investec in a research note issued on Wednesday, November 29th. Investec's target price suggests a potential upside of 11.34% from the company's previous close. Goldman Sachs Group reaffirmed a "sell" rating on shares of Lloyds Banking Group in a research report on Wednesday, September 6th.

Several other research firms have also commented on LLOY.

Shares of Lloyds Banking Group (LON:LLOY) opened at GBX 67.36 ($0.91) on Wednesday. Finally, Jefferies Group LLC lifted their target price on Lloyds Banking Group PLC from GBX 82 ($1.05) to GBX 86 ($1.10) and gave the stock a buy rating in a report on Monday, April 3rd. J P Morgan Chase & Co increased their price target on Lloyds Banking Group from GBX 83 ($1.12) to GBX 85 ($1.14) and gave the stock an overweight rating in a research note on Thursday, October 26th. Credit Suisse Group upgraded Lloyds Banking Group from a "neutral" rating to an "outperform" rating in a research note on Tuesday, October 10th.

Snow And Freezing Temperatures Predicted For The Weekend
It will be very windy throughout, with gales in exposure, making it feel bitterly cold and a maximum temperature of 8 °C. Some of our models are hinting at a final push of moisture that swings through overnight Friday into Saturday morning.

In terms of Buy, Sell or Hold recommendations, Lloyds Banking Group Plc (NYSE:LYG) has analysts' mean recommendation of 4. The stock presently has an average rating of "Buy" and an average target price of GBX 75.88 ($1.02). The shares were bought at an average price of GBX 282 ($3.80) per share, with a total value of £499,433.28 ($672,184.76). Lloyds Banking Group has a fifty-two week low of $3.06 and a fifty-two week high of $3.87. Insiders have acquired a total of 111,907 shares of company stock worth $7,385,802 over the last three months.

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Lloyds Banking Group Plc (NYSE:LYG)'s trailing twelve month revenues are $23.29 Billion, whereas its price to sales ratio for the same period is 2.69. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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