Numis Securities Ltd Downgrades Lloyds Banking Group PLC to Hold (LLOY)
Lloyds Banking Group PLC (LON:LLOY) was downgraded by analysts at Numis Securities Ltd to a “hold” rating in a research report issued to clients and investors on Thursday, American Banking News reports. They currently have a GBX 85 ($1.38) price objective on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 8.96% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note to investors on Wednesday, October 23rd. They now have a GBX 83 ($1.34) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday, October 22nd. They now have a GBX 65 ($1.05) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday, October 22nd. They now have a GBX 100 ($1.62) price target on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 111.23 ($1.80).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 2.94% on Thursday, hitting GBX 78.01. 287,243,680 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 52 week low of GBX 39.646 and a 52 week high of GBX 80.87. The stock has a 50-day moving average of GBX 75.06 and a 200-day moving average of GBX 65.51. The company’s market cap is £56.187 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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