Lloyds Banking Group PLC Stock Rating Reaffirmed by Deutsche Bank (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank in a research report issued on Monday, AR Network reports. They currently have a GBX 77 ($1.23) price target on the stock. Deutsche Bank’s target price indicates a potential upside of 4.18% from the stock’s previous close.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 3.07% on Monday, hitting GBX 73.91. 149,415,776 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a one year low of GBX 36.735 and a one year high of GBX 78.78. The stock has a 50-day moving average of GBX 74.94 and a 200-day moving average of GBX 62.0. The company’s market cap is £53.234 billion.
Other equities research analysts have also recently issued reports about the stock. 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 Tuesday, September 17th. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note to investors on Tuesday, September 17th. They now have a GBX 85 ($1.36) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note to investors on Tuesday, September 17th. They now have a GBX 69 ($1.11) price target on the stock.
Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 69.34 ($1.11).
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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