Lloyds Banking Group PLC’s “Buy” Rating Reaffirmed at Santander (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by equities researchers at Santander in a research report issued on Wednesday. They currently have a GBX 96 ($1.63) price objective on the stock. Santander’s price target indicates a potential upside of 30.92% from the company’s current price.
A number of other analysts have also recently weighed in on LLOY. Analysts at Deutsche Bank raised their price target on shares of Lloyds Banking Group PLC from GBX 87 ($1.48) to GBX 89 ($1.51) in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, July 29th. They now have a GBX 97 ($1.65) 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 Monday, July 28th. They now have a GBX 85 ($1.44) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 248.48 ($4.22).
Lloyds Banking Group PLC (LON:LLOY) opened at 73.33 on Wednesday. Lloyds Banking Group PLC has a 52-week low of GBX 47.88 and a 52-week high of GBX 86.87. The stock has a 50-day moving average of GBX 74.96 and a 200-day moving average of GBX 77.72. The company’s market cap is £69.297 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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