Espirito Santo Investment Bank Research Reiterates Sell Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating reiterated by Espirito Santo Investment Bank Research in a research note issued on Thursday, American Banking and Market News reports. They currently have a GBX 59 ($0.95) target price on the stock. Espirito Santo Investment Bank Research’s price objective indicates a potential downside of 21.33% from the stock’s previous close.
A number of other firms have also recently commented on LLOY. Analysts at Investec upgraded shares of Lloyds Banking Group PLC (LON:LLOY) from a “sell” rating to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 76 ($1.22) price target on the stock, up previously from GBX 65 ($1.04). Separately, 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. Finally, 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. Five analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. Lloyds Banking Group PLC currently has a consensus rating of “Hold” and an average price target of GBX 69.88 ($1.12).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.16% during mid-day trading on Thursday, hitting GBX 75.00. The stock had a trading volume of 80,932,104 shares. Lloyds Banking Group PLC has a 52-week low of GBX 36.72 and a 52-week 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 £54.019 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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