Lloyds Banking Group PLC Receives Consensus Rating of “Buy” from Analysts (LON:LLOY)
Lloyds Banking Group PLC (LON:LLOY) has earned an average recommendation of “Buy” from the thirty brokerages that are presently covering the stock, Analyst Ratings Network reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and twenty have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 248.60 ($4.17).
Several analysts have 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, August 5th. They now have a GBX 924 ($15.50) 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 Monday, August 4th. They now have a GBX 89 ($1.49) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, August 1st. They now have a GBX 96 ($1.61) price target on the stock.
Lloyds Banking Group PLC (LON:LLOY) opened at 72.88 on Monday. Lloyds Banking Group PLC has a 1-year low of GBX 70.015 and a 1-year high of GBX 86.77. The stock’s 50-day moving average is GBX 74.24 and its 200-day moving average is GBX 77.30. The company’s market cap is £51.708 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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