Liberum Capital Reiterates Buy Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a report released on Friday, AmericanBankingNews.com reports.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.61% during mid-day trading on Friday, hitting GBX 73.31. 92,495,232 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a one year low of GBX 58.737 and a one year high of GBX 86.77. The stock has a 50-day moving average of GBX 75.46 and a 200-day moving average of GBX 78.45. The company’s market cap is £52.600 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. They now have a GBX 875 ($14.74) price target on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 205 ($3.45).
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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