Lloyds Banking Group PLC Rating Reiterated by Deutsche Bank (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They currently have a GBX 87 ($1.49) target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 19.85% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. cut their price target on shares of Lloyds Banking Group PLC from GBX 83 ($1.42) to GBX 80 ($1.37) in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 100 ($1.71) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. They now have a GBX 120 ($2.05) price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company. Lloyds Banking Group PLC has a consensus rating of “Buy” and a consensus target price of GBX 301.16 ($5.15).
Lloyds Banking Group PLC (LON:LLOY) traded down 1.13% during mid-day trading on Monday, hitting GBX 72.59. The stock had a trading volume of 69,975,000 shares. Lloyds Banking Group PLC has a 52-week low of GBX 66.51 and a 52-week high of GBX 86.77. The stock’s 50-day moving average is GBX 75.86 and its 200-day moving average is GBX 78.13. The company’s market cap is £52.083 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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