Lloyds Banking Group PLC Earns Neutral Rating from Credit Suisse (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse in a research report issued on Wednesday. They currently have a GBX 68 ($1.13) target price on the stock. Credit Suisse’s price target would indicate a potential downside of 9.12% from the company’s current price.
LLOY has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated an “add” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 27th. They now have a GBX 90.60 ($1.50) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, August 26th. They now have a GBX 85 ($1.41) 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 Friday, August 15th. They now have a GBX 85 ($1.41) price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 290.48 ($4.82).
Lloyds Banking Group PLC (LON:LLOY) traded up 0.32% during mid-day trading on Wednesday, hitting GBX 75.06. 51,364,040 shares of the company’s stock traded hands. 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 74.25 and its 200-day moving average is GBX 76.36. The company’s market cap is £53.255 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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