Sanford C. Bernstein Reaffirms “Outperform” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating restated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They currently have a GBX 100 ($1.66) target price on the stock. Sanford C. Bernstein’s target price points to a potential upside of 33.33% from the company’s current price.
Lloyds Banking Group PLC (LON:LLOY) opened at 74.81 on Friday. Lloyds Banking Group PLC has a one year low of GBX 70.015 and a one year high of GBX 86.77. The stock’s 50-day moving average is GBX 74.36 and its 200-day moving average is GBX 76.31. The company’s market cap is £53.078 billion.
A number of other firms have also recently commented on LLOY. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday. They now have a GBX 68 ($1.13) price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 290.48 ($4.82).
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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