Lloyds Banking Group PLC Receives “Hold” Rating from Canaccord Genuity (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 70 ($1.15) target price on the stock. Canaccord Genuity’s target price points to a potential downside of 13.86% from the company’s current price.
Lloyds Banking Group PLC (LON:LLOY) traded down 2.72% on Thursday, hitting GBX 81.26. The stock had a trading volume of 278,004,416 shares. Lloyds Banking Group PLC has a one year low of GBX 46.08 and a one year high of GBX 86.87. The stock has a 50-day moving average of GBX 82.07 and a 200-day moving average of GBX 77.21. The company’s market cap is £41.163 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 85 ($1.39) price target on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus 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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