Lloyds Banking Group PLC Receives “Neutral” Rating from Citigroup Inc. (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 83 ($1.34) price target on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 3.27% from the stock’s previous close.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 0.31% on Wednesday, hitting GBX 80.37. The stock had a trading volume of 131,809,200 shares. Lloyds Banking Group PLC has a one year low of GBX 39.646 and a one year high of GBX 78.78. 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 £57.887 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note to investors on Friday, October 18th. They now have a GBX 77 ($1.25) price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company. Lloyds Banking Group PLC currently has a consensus rating of “Hold” and an average price target of GBX 110.03 ($1.78).
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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