Numis Securities Ltd Reiterates Hold Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating reiterated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Tuesday, American Banking News.com reports. They currently have a GBX 875 ($14.74) price objective on the stock.
LLOY has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Monday. They now have a GBX 90 ($1.52) price target on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of Lloyds Banking Group PLC from GBX 50 ($0.84) to GBX 55 ($0.93) in a research note on Wednesday, May 7th. They now have a “sell” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. Lloyds Banking Group PLC has a consensus rating of “Buy” and an average target price of GBX 196.97 ($3.32).
Lloyds Banking Group PLC (LON:LLOY) traded down 0.81% during mid-day trading on Tuesday, hitting GBX 76.38. The stock had a trading volume of 38,123,576 shares. Lloyds Banking Group PLC has a 52 week low of GBX 57.27 and a 52 week high of GBX 86.77. The stock’s 50-day moving average is GBX 75.60 and its 200-day moving average is GBX 78.53. The company’s market cap is £54.803 billion.
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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