Espirito Santo Investment Bank Research Reiterates Sell Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating reiterated by equities research analysts at Espirito Santo Investment Bank Research in a research note issued to investors on Tuesday. They currently have a GBX 70 ($1.18) target price on the stock. Espirito Santo Investment Bank Research’s target price would suggest a potential downside of 11.19% from the company’s current price.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 78.3552 on Tuesday. Lloyds Banking Group PLC has a 52 week low of GBX 58.737 and a 52 week high of GBX 86.77. The stock has a 50-day moving average of GBX 76.49 and a 200-day moving average of GBX 78.52. The company’s market cap is £56.220 billion.
LLOY has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. They now have a GBX 100 ($1.68) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Monday. They now have a GBX 88 ($1.48) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, June 4th. 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 company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 182.08 ($3.06).
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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