Lloyds Banking Group PLC’s “Overweight” Rating Reaffirmed at Barclays (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 85 ($1.40) price target on the stock. Barclays’ target price points to a potential upside of 6.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday. They now have a GBX 84 ($1.38) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday. They now have a GBX 86 ($1.41) price target on the stock. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the stock. Lloyds Banking Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 124.51 ($2.05).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 80.807 on Tuesday. 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 80.9 and its 200-day moving average is GBX 76.5. The company’s market cap is £40.934 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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