Lloyds Banking Group PLC Given “Buy” Rating at Deutsche Bank (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Monday, AnalystRatings.Net reports. They currently have a GBX 90 ($1.51) price target on the stock. Deutsche Bank’s price objective points to a potential upside of 20.26% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 74.5423 on Monday. Lloyds Banking Group PLC has a 1-year low of GBX 52.43 and a 1-year 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 £52.717 billion.
A number of other analysts have also recently weighed in on LLOY. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday. They now have a GBX 97 ($1.63) price target on the stock. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, April 23rd. They now have a GBX 909 ($15.27) price target on the stock. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target 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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