Lloyds Banking Group PLC Given “Buy” Rating at Deutsche Bank (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, Analyst Ratings News reports. They currently have a GBX 77 ($1.23) price objective on the stock. Deutsche Bank’s price objective would indicate a potential upside of 0.65% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.38% on Friday, hitting GBX 76.50. 119,731,152 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 52 week low of GBX 39.236 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 £55.100 billion.
LLOY has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note to investors on Thursday. They now have a GBX 662 ($10.57) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note to investors on Thursday. They now have a GBX 90 ($1.44) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note to investors on Wednesday. They now have a GBX 50 ($0.80) price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 108.53 ($1.73).
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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