Lloyds Banking Group PLC’s “Buy” Rating Reaffirmed at Investec (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating restated by equities researchers at Investec in a research report issued on Tuesday. They currently have a GBX 85 ($1.41) price target on the stock. Investec’s price objective suggests a potential upside of 11.48% 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, August 13th. They now have a GBX 89 ($1.47) 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, August 12th. They now have a GBX 900 ($14.89) 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 ($15.29) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Lloyds Banking Group PLC has a consensus rating of “Buy” and a consensus price target of GBX 289 ($4.78).
Lloyds Banking Group PLC (LON:LLOY) opened at 76.3152 on Tuesday. Lloyds Banking Group PLC has a 52-week low of GBX 70.015 and a 52-week high of GBX 86.77. The stock’s 50-day moving average is GBX 73.83 and its 200-day moving average is GBX 76.6. The company’s market cap is £54.146 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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