Lloyds Banking Group PLC’s “Neutral” Rating Reaffirmed at Citigroup Inc. (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “neutral” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday. They currently have a GBX 83 ($1.41) price objective on the stock. Citigroup Inc.’s price objective points to a potential upside of 10.15% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 20th. They now have a GBX 90 ($1.53) 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 issued a buy rating to the company’s stock. The stock currently has an average 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. 80,573,760 shares of the company’s stock traded hands. 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 76.71 and a 200-day moving average of GBX 78.51. 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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