Deutsche Bank Reiterates Buy Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Friday. They currently have a GBX 90 ($1.54) price objective on the stock. Deutsche Bank’s target price indicates a potential upside of 23.85% from the company’s current price.
A number of other analysts have also recently weighed in on LLOY. Analysts at Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Monday. They now have a GBX 100 ($1.72) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, July 4th. They now have a GBX 85 ($1.46) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. Lloyds Banking Group PLC has a consensus rating of “Hold” and a consensus target price of GBX 215.36 ($3.69).
Lloyds Banking Group PLC (LON:LLOY) traded down 0.60% during mid-day trading on Friday, hitting GBX 72.67. 104,144,504 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 52 week low of GBX 65.77 and a 52 week high of GBX 86.77. The stock’s 50-day moving average is GBX 76.45 and its 200-day moving average is GBX 78.3. The company’s market cap is £52.141 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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