Lloyds Banking Group PLC Stock Rating Upgraded by Investec (LLOY)
Lloyds Banking Group PLC (LON:LLOY) was upgraded by Investec from a “sell” rating to a “hold” rating in a research note issued on Tuesday, American Banking and Market News reports. The firm currently has a GBX 76 ($1.22) price target on the stock, up from their previous price target of GBX 65 ($1.04). Investec’s price objective would suggest a potential upside of 2.83% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note to investors on Monday. They now have a GBX 77 ($1.23) price target on the stock. Separately, 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. Finally, 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.
Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. Lloyds Banking Group PLC has an average rating of “Hold” and an average target price of GBX 69.71 ($1.12).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 0.27% on Tuesday, hitting GBX 74.11. 89,290,904 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 52-week low of GBX 36.72 and a 52-week high of GBX 78.78. The stock’s 50-day moving average is GBX 74.94 and its 200-day moving average is GBX 62.0. The company’s market cap is £53.378 billion.
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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