Stock analysts at Barclays assumed coverage on shares of Lloyds Banking Group (LON:LLOY) in a research report issued to clients and investors on Wednesday. The brokerage set an “overweight” rating and a GBX 90 ($1.24) price target on the financial services provider’s stock. Barclays’ price objective points to a potential upside of 34.33% from the stock’s current price.
Several other research analysts have also issued reports on LLOY. Credit Suisse Group restated an “outperform” rating and set a GBX 85 ($1.17) target price on shares of Lloyds Banking Group in a research report on Tuesday. Deutsche Bank dropped their target price on Lloyds Banking Group from GBX 83 ($1.15) to GBX 80 ($1.11) and set a “buy” rating for the company in a research report on Friday, March 9th. Royal Bank of Canada set a GBX 90 ($1.24) target price on Lloyds Banking Group and gave the company a “buy” rating in a research report on Thursday, March 8th. UBS Group set a GBX 87 ($1.20) target price on Lloyds Banking Group and gave the company a “buy” rating in a research report on Thursday, March 8th. Finally, Societe Generale set a GBX 84 ($1.16) target price on Lloyds Banking Group and gave the company a “buy” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 77.03 ($1.06).
Lloyds Banking Group (LON LLOY) opened at GBX 67 ($0.93) on Wednesday. Lloyds Banking Group has a 12-month low of GBX 61.81 ($0.85) and a 12-month high of GBX 73.58 ($1.02). The stock has a market capitalization of $48,300.00 and a P/E ratio of 1,675.00.
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Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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