Lloyds financial planning business set for £50bn expansion

Lloyds financial planning business set for £50bn expansion

Deutsche Bank reaffirmed a "buy" rating and issued a GBX 83 ($1.15) price target on shares of Lloyds Banking Group in a report on Monday, February 5th.

Lloyds Banking Group wants to increase its financial planning and retirement open book of assets by more than £50bn by 2020 and add an additional one million new pension customers.

Lloyds Banking Group has reported pre-tax profits of £5.3 billion for the past year, up 24%. They now have a buy rating on the financial services provider's stock. A total of 4.04 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 4.66 Million shares, while its relative volume stands at 0.87.

Berenberg Bank reaffirmed a sell rating and issued a GBX 55 ($0.76) target price on shares of Lloyds Banking Group in a report on Wednesday, November 29th.

Lloyds has gained just under 1 percent in the past 12 months, lagging behind the 7.3 percent gain of the Bloomberg Europe Banks and Financial Services Index.

Shares of Lloyds Banking Group Plc (NYSE:LYG) now have an Average Brokerage Recommendation of 2.5, number of Recs in ABR is 4 while industry rank of the company by ABR is 217 out of 265.

Netflix's Lost in Space reboot reveals first teaser trailer
But during their venture, the Robinsons find themselves thrown off course and struggling to find the way towards their new home. Hearing "Danger Will Robinson" is all it took for me to be all in on this series.

Morgan Stanley left its rating at "equal weight" and raised its target price to 78p from 75p.

He said: "2017 has been a landmark year for the group". The stock has a market capitalization of $49,650.00 and a price-to-earnings ratio of 1,726.50.

In related news, insider Antonio Horta-Osorio purchased 4,747 shares of the company's stock in a transaction dated Wednesday, December 13th. The stock has been trading in a positive spotlight, based on the latest price movement of 0.26% Last Trading sentiment pushed the share value at $3.89. Over the last five days, shares have managed 11.64% gains and now is up 48.53% since hitting its 200-day moving average of $200.11.

TRADEMARK VIOLATION WARNING: "Lloyds Banking Group (LLOY) Receives Buy Rating from Shore Capital" was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and worldwide trademark and copyright legislation.

"Lloyds said it planned to grow "in targeted segments" addressing customers" banking and insurance needs "as an integrated financial services provider".

Related Articles