Lloyds Banking Group PLC’s Hold Rating Reaffirmed at Canaccord Genuity (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Monday, AmericanBankingNews.com reports. They currently have a GBX 70 ($1.15) target price on the stock. Canaccord Genuity’s price target would indicate a potential downside of 15.97% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note to investors on Monday. They now have a GBX 90 ($1.48) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note to investors on Monday. They now have a GBX 85 ($1.40) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note to investors on Monday. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the company. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and an average target price of GBX 147.80 ($2.43).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 3.75% during mid-day trading on Monday, hitting GBX 80.18. The stock had a trading volume of 99,651,088 shares. Lloyds Banking Group PLC has a 1-year low of GBX 46.061 and a 1-year high of GBX 86.77. The stock has a 50-day moving average of GBX 80.69 and a 200-day moving average of GBX 76.36. The company’s market cap is £40.616 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.