Lloyds Banking Group PLC Rating Reiterated by AlphaValue (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating reiterated by AlphaValue in a research note issued on Thursday, StockRatingsNetwork reports. They currently have a GBX 55.10 ($0.88) price objective on the stock. AlphaValue’s price target suggests a potential downside of 27.52% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 1.47% on Thursday, 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’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 £54.754 billion.
A number of other firms have also recently commented on LLOY. Analysts at Macquarie reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note to investors on Thursday. They now have a GBX 614 ($9.85) price target on the stock. Separately, analysts at Investec upgraded shares of Lloyds Banking Group PLC to a “buy” rating in a research note to investors on Wednesday. They now have a GBX 80 ($1.28) price target on the stock, up previously from GBX 76 ($1.22). Finally, 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. Four 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 stock has a consensus rating of “Hold” and a consensus 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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