Lloyds Banking Group PLC Rating Reiterated by Investec (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating reiterated by research analysts at Investec in a report released on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 85 ($1.39) target price on the stock. Investec’s price objective would indicate a potential upside of 4.60% from the company’s current price.
Lloyds Banking Group PLC (LON:LLOY) traded up 0.29% on Thursday, hitting GBX 83.62. The stock had a trading volume of 96,585,728 shares. Lloyds Banking Group PLC has a 52-week low of GBX 46.061 and a 52-week high of GBX 86.77. The stock has a 50-day moving average of GBX 81.74 and a 200-day moving average of GBX 77.08. The company’s market cap is £42.359 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 90 ($1.48) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 70 ($1.15) price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 122.90 ($2.02).
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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