Credit Suisse Reiterates “Neutral” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “neutral” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a GBX 68 ($1.14) price target on the stock. Credit Suisse’s price target suggests a potential downside of 8.10% from the company’s current price.
Lloyds Banking Group PLC (LON:LLOY) traded up 0.92% during mid-day trading on Tuesday, hitting GBX 74.67. The stock had a trading volume of 89,225,944 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 has a 50-day moving average of GBX 75.38 and a 200-day moving average of GBX 78.36. The company’s market cap is £53.576 billion.
A number of other analysts have also recently weighed in on LLOY. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. They now have a GBX 90 ($1.51) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, May 13th. They now have a GBX 875 ($14.72) price target on the stock. Four analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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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