Sanford C. Bernstein Reiterates “Outperform” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Monday. They currently have a GBX 100 ($1.72) target price on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 32.14% from the stock’s previous close.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 75.416 on Monday. Lloyds Banking Group PLC has a 52-week low of GBX 64.63 and a 52-week high of GBX 86.77. The stock has a 50-day moving average of GBX 76.53 and a 200-day moving average of GBX 78.46. The company’s market cap is £54.111 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday. They now have a GBX 85 ($1.46) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 915 ($15.69) 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 Thursday. They now have a GBX 90 ($1.54) price target on the stock. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 210.47 ($3.61).
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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