Lloyds Banking Group PLC Rating Increased to Buy at Investec (LLOY)
Lloyds Banking Group PLC (LON:LLOY) was upgraded by analysts at Investec to a “buy” rating in a research report issued to clients and investors on Wednesday, Stock Ratings News reports. The firm currently has a GBX 80 ($1.28) price target on the stock, up from their previous price target of GBX 76 ($1.22). Investec’s target price suggests a potential upside of 5.24% from the stock’s previous close.
Lloyds Banking Group PLC (LON:LLOY) traded up 1.47% on Wednesday, hitting GBX 76.02. The stock had a trading volume of 116,136,216 shares. Lloyds Banking Group PLC has a 1-year low of GBX 38.118 and a 1-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 £54.754 billion.
Several other analysts have also recently commented on the stock. Analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note to investors on Wednesday, October 2nd. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note to investors on Monday, September 30th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Lloyds Banking Group PLC from GBX 77 ($1.24) to GBX 84 ($1.35) in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 89.24 ($1.43).
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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