Bank of America Corp. Reiterates Buy Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Bank of America Corp. in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 90 ($1.44) price target on the stock. Bank of America Corp.’s target price would suggest a potential upside of 18.95% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.47% on Monday, hitting GBX 75.66. The stock had a trading volume of 65,501,336 shares. Lloyds Banking Group PLC has a 52-week low of GBX 39.045 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 £54.495 billion.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note to investors on Thursday. They now have a GBX 55.10 ($0.88) price target on the stock. Separately, 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 ($9.80) price target on the stock. Finally, analysts at Investec upgraded shares of Lloyds Banking Group PLC to a “buy” rating in a research note to investors on Wednesday, October 9th. They now have a GBX 80 ($1.28) price target on the stock, up previously from GBX 76 ($1.21). Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 89.26 ($1.42).
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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