Lloyds Banking Group PLC Receives “Outperform” Rating from BNP Paribas (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating restated by equities researchers at BNP Paribas in a research report issued on Tuesday, AnalystRatings.Net reports. They currently have a GBX 85 ($1.33) price objective on the stock. BNP Paribas’ price objective would suggest a potential upside of 10.71% from the stock’s previous close.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 78.297 on Tuesday. Lloyds Banking Group PLC has a one year low of GBX 36.225 and a one year high of GBX 77.39. The stock has a 50-day moving average of GBX 73.16 and a 200-day moving average of GBX 60.75. The company’s market cap is £56.394 billion.
A number of other analysts have also recently weighed in on LLOY. Analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note to investors on Monday. Separately, analysts at Morgan Stanley raised their price target on shares of Lloyds Banking Group PLC (LON:LLOY) from GBX 93 ($1.45) to GBX 100 ($1.56) in a research note to investors on Thursday, September 5th. They now have an “overweight” rating on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note to investors on Tuesday, September 3rd. They now have a GBX 50 ($0.78) price target on the stock.
Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 91.01 ($1.42).
Lloyds Banking Group plc, is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.
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