Lloyds Banking Group PLC Given “Buy” Rating at Investec (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating restated by equities research analysts at Investec in a research note issued to investors on Friday. They currently have a GBX 85 ($1.43) price target on the stock. Investec’s price target indicates a potential upside of 15.65% from the company’s current price.
A number of other analysts have also recently weighed in on LLOY. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday. They now have a GBX 89 ($1.49) 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 Tuesday. They now have a GBX 900 ($15.10) price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 281.04 ($4.71).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 0.80% during mid-day trading on Friday, hitting GBX 74.09. The stock had a trading volume of 39,634,052 shares. Lloyds Banking Group PLC has a 52-week low of GBX 70.015 and a 52-week high of GBX 86.77. The stock has a 50-day moving average of GBX 73.94 and a 200-day moving average of GBX 77.00. The company’s market cap is £52.567 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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