Numis Securities Ltd Reiterates “Buy” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reiterated by stock analysts at Numis Securities Ltd in a report issued on Friday, StockRatingsNetwork reports. They currently have a GBX 97 ($1.63) price target on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 29.61% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.86% on Friday, hitting GBX 74.84. The stock had a trading volume of 97,777,416 shares. Lloyds Banking Group PLC has a 52-week low of GBX 51.47 and a 52-week high of GBX 86.77. The stock’s 50-day moving average is GBX 76.54 and its 200-day moving average is GBX 78.39. The company’s market cap is £52.928 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note on Friday. They now have a GBX 82 ($1.38) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday. They now have a GBX 909 ($15.27) price target on the stock. Finally, analysts at Nomura upgraded shares of Lloyds Banking Group PLC to a “buy” rating in a research note on Thursday, April 17th. They now have a GBX 89 ($1.49) price target on the stock, up previously from GBX 81 ($1.36). Five research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 156.81 ($2.63).
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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