Deutsche Bank Reiterates “Buy” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a GBX 810 ($13.30) price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of Lloyds Banking Group PLC from GBX 83 ($1.36) to GBX 85 ($1.40) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Lloyds Banking Group PLC from GBX 77 ($1.26) to GBX 80 ($1.31) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note to investors on Monday. They now have a GBX 69 ($1.13) price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 171.32 ($2.81).
Lloyds Banking Group PLC (LON:LLOY) traded down 0.05% during mid-day trading on Thursday, hitting GBX 82.99. 50,085,948 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 52-week low of GBX 46.061 and a 52-week high of GBX 86.77. The stock’s 50-day moving average is GBX 79.81 and its 200-day moving average is GBX 75.72. The company’s market cap is £42.039 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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