Espirito Santo Investment Bank Research Reiterates “Sell” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating reaffirmed by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Thursday, American Banking News reports. They currently have a GBX 70 ($1.15) target price on the stock. Espirito Santo Investment Bank Research’s target price indicates a potential downside of 16.11% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 80.11 on Thursday. 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 81.74 and its 200-day moving average is GBX 77.08. The company’s market cap is £40.581 billion.
A number of other analysts have also recently weighed in on LLOY. Analysts at Grupo Santander reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Monday. They now have a GBX 96 ($1.58) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, February 6th. They now have a GBX 785 ($12.88) price target on the stock, up previously from GBX 97 ($1.59). Finally, analysts at Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, February 4th. They now have a GBX 85 ($1.39) price target on the stock. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 146.63 ($2.41).
Lloyds Banking Group plc is a holding company. The Company 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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