JP Morgan Cazenove reissued their neutral rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report sent to investors on Wednesday morning, AnalystRatingsNetwork reports. The firm currently has a GBX 65 ($0.98) price target on the stock.
JP Morgan Cazenove has also taken action a number of other stocks recently. The firm downgraded shares of SAP Aktiengesellschaft from an overweight rating to a market perform rating. Also, JP Morgan Cazenove upgraded shares of Diageo PLC from a neutral rating to an outperform rating. Finally, JP Morgan Cazenove lowered its price target on shares of Banco Bradesco SA from $20.00 to $14.00. They have an overweight rating on that stock.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an outperform rating on shares of Lloyds Banking Group PLC in a research note to investors on Thursday, July 11th. They now have a GBX 75 ($1.13) price target on the stock. Separately, analysts at Deutsche Bank reiterated a buy rating on shares of Lloyds Banking Group PLC in a research note to investors on Thursday, July 11th. They now have a GBX 72 ($1.09) price target on the stock. Finally, analysts at Investec raised their price target on shares of Lloyds Banking Group PLC from GBX 50 ($0.76) to GBX 65 ($0.98) in a research note to investors on Tuesday, July 9th. They now have a sell rating on the stock.
Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 61 ($0.92).
Lloyds Banking Group PLC (LON: LLOY) traded down 1.11% on Wednesday, hitting GBX 69.25. Lloyds Banking Group PLC has a 1-year low of GBX 28.543 and a 1-year high of GBX 70.118. The stock’s 50-day moving average is currently GBX 37.64. The company’s market cap is £48.003 billion.
Lloyds Banking Group plc, 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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