Lloyds Banking Group PLC Receives “Neutral” Rating from Credit Suisse (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 68 ($1.12) price objective on the stock. Credit Suisse’s price target suggests a potential downside of 18.50% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 80.065 on Thursday. Lloyds Banking Group PLC has a one year low of GBX 46.061 and a one year high of GBX 86.77. The stock has a 50-day moving average of GBX 81.88 and a 200-day moving average of GBX 77.18. The company’s market cap is £40.558 billion.
A number of other analysts have also recently weighed in on LLOY. Analysts at Canaccord Genuity reiterated a “hold” 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. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average 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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