Lloyds Banking Group PLC Earns “Add” Rating from AlphaValue (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “add” rating restated by equities research analysts at AlphaValue in a research note issued to investors on Wednesday. They currently have a GBX 90.60 ($1.50) target price on the stock. AlphaValue’s price objective would suggest a potential upside of 18.45% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. They now have a GBX 85 ($1.41) price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Lloyds Banking Group PLC currently has an average rating of “Buy” and an average target price of GBX 290.48 ($4.81).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 76.96 on Wednesday. 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 73.90 and its 200-day moving average is GBX 76.58. The company’s market cap is £54.603 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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