Sanford C. Bernstein Reiterates Outperform Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday, American Banking News reports. They currently have a GBX 100 ($1.64) target price on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 21.20% from the company’s current price.
A number of other analysts have also recently weighed in on LLOY. Analysts at Investec raised their price target on shares of Lloyds Banking Group PLC from GBX 84 ($1.38) to GBX 85 ($1.39) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Lloyds Banking Group PLC from GBX 35 ($0.57) to GBX 70 ($1.15) in a research note to investors on Friday, December 20th. They now have a “hold” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Lloyds Banking Group PLC in a research note to investors on Friday, December 20th. They now have a GBX 85 ($1.39) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 142.14 ($2.33).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 3.00% on Tuesday, hitting GBX 82.51. 200,497,840 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 52-week low of GBX 46.08 and a 52-week high of GBX 83.002. The stock has a 50-day moving average of GBX 77.46 and a 200-day moving average of GBX 74.19. The company’s market cap is £41.796 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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