Lloyds Banking Group PLC’s “Overweight” Rating Reaffirmed at Barclays (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued on Friday. They currently have a GBX 90 ($1.51) target price on the stock. Barclays’ price target indicates a potential upside of 20.30% from the stock’s previous close.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 75.40 on Friday. Lloyds Banking Group PLC has a one year low of GBX 58.737 and a one year high of GBX 86.77. The stock’s 50-day moving average is GBX 75.35 and its 200-day moving average is GBX 78.31. The company’s market cap is £54.100 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 115 ($1.93) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. They now have a GBX 68 ($1.14) price target on the stock. Finally, 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. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 205.08 ($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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