Oriel Securities Ltd Reiterates Buy Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating restated by stock analysts at Oriel Securities Ltd in a report issued on Thursday. They currently have a GBX 88 ($1.48) price objective on the stock. Oriel Securities Ltd’s price objective would indicate a potential upside of 12.95% from the company’s current price.
Lloyds Banking Group PLC (LON:LLOY) opened at 77.606 on Thursday. Lloyds Banking Group PLC has a 52-week low of GBX 58.737 and a 52-week high of GBX 86.77. The stock’s 50-day moving average is GBX 75.38 and its 200-day moving average is GBX 78.38. The company’s market cap is £55.682 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Grupo Santander reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday. They now have a GBX 96 ($1.62) 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 Wednesday. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. They now have a GBX 96 ($1.62) price target 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. Lloyds Banking Group PLC currently has an average rating of “Hold” and an average price target of GBX 181.20 ($3.05).
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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