Lloyds Banking Group PLC’s Buy Rating Reaffirmed at Deutsche Bank (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 90 ($1.48) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 10.76% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 0.29% during mid-day trading 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.
A number of other analysts have also recently weighed in on LLOY. 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. Separately, 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. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, February 6th. They now have a GBX 97 ($1.59) price target on the stock. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average 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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