JPMorgan Chase & Co. Reiterates Overweight Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a GBX 95 ($1.62) price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 26.67% from the stock’s previous close.
A number of other firms have also recently commented on LLOY. Analysts at Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Monday. They now have a GBX 90 ($1.53) 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 Friday. They now have a GBX 90 ($1.53) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, June 19th. They now have a GBX 1,000 ($17.02) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 223.04 ($3.80).
Lloyds Banking Group PLC (LON:LLOY) traded down 0.60% on Tuesday, hitting GBX 75.00. 116,856,600 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 1-year low of GBX 59.76 and a 1-year high of GBX 86.77. The stock’s 50-day moving average is GBX 76.97 and its 200-day moving average is GBX 78.58. The company’s market cap is £53.813 billion.
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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