Lloyds Banking Group PLC Stock Rating Reaffirmed by Credit Suisse (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “neutral” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Friday. They currently have a GBX 68 ($1.16) price objective on the stock. Credit Suisse’s target price would indicate a potential downside of 9.80% from the stock’s previous close.
A number of other firms have also recently commented on LLOY. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note on Friday. They now have a GBX 83 ($1.41) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. They now have a GBX 95 ($1.62) price target on the stock. Finally, 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. Four research 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 currently has a consensus rating of “Hold” and a consensus target price of GBX 213.77 ($3.64).
Lloyds Banking Group PLC (LON:LLOY) traded down 0.05% during mid-day trading on Friday, hitting GBX 75.35. The stock had a trading volume of 80,573,760 shares. Lloyds Banking Group PLC has a 52-week low of GBX 61.68 and a 52-week high of GBX 86.77. The stock has a 50-day moving average of GBX 76.75 and a 200-day moving average of GBX 78.53. The company’s market cap is £54.064 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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