Lloyds Banking Group PLC’s Buy Rating Reaffirmed at Deutsche Bank (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday. They currently have a GBX 90 ($1.53) target price on the stock. Deutsche Bank’s price target would suggest a potential upside of 16.28% from the stock’s previous close.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 77.04 on Friday. Lloyds Banking Group PLC has a one year low of GBX 59.76 and a one year high of GBX 86.77. The stock’s 50-day moving average is GBX 77.1 and its 200-day moving average is GBX 78.61. The company’s market cap is £55.276 billion.
Several other analysts have also recently commented on the stock. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 1,000 ($16.98) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday. They now have a GBX 70 ($1.19) price target on the stock. Finally, analysts at Santander reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday. They now have a GBX 96 ($1.63) 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 assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 219.56 ($3.73).
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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