Lloyds Banking Group PLC Given “Buy” Rating at Deutsche Bank (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Monday, Analyst Ratings News reports. They currently have a GBX 90 ($1.52) target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 22.50% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, May 6th. Finally, analysts at Nomura upgraded shares of Lloyds Banking Group PLC to a “buy” rating in a research note on Tuesday, May 6th. They now have a GBX 89 ($1.50) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. Lloyds Banking Group PLC has an average rating of “Hold” and a consensus price target of GBX 205 ($3.45).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.39% during mid-day trading on Monday, hitting GBX 73.47. The stock had a trading volume of 247,289,648 shares. Lloyds Banking Group PLC has a 1-year low of GBX 58.737 and a 1-year high of GBX 86.77. The stock’s 50-day moving average is GBX 75.41 and its 200-day moving average is GBX 78.41. The company’s market cap is £52.715 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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