Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Investec in a research note issued to investors on Tuesday, AR Network reports. They currently have a GBX 80 ($1.30) price objective on the stock. Investec’s price target suggests a potential upside of 6.10% from the stock’s previous close.
Lloyds Banking Group PLC (LON:LLOY) opened at 75.40 on Tuesday. Lloyds Banking Group PLC has a 52-week low of GBX 44.777 and a 52-week high of GBX 81.50. The stock’s 50-day moving average is GBX 76.20 and its 200-day moving average is GBX 70.45. The company’s market cap is £38.195 billion.
A number of other analysts have also recently weighed in on LLOY. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note to investors on Friday. They now have a GBX 90 ($1.46) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday, November 19th. They now have a GBX 69 ($1.12) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note to investors on Monday, November 18th. They now have a GBX 68 ($1.10) price target on the stock. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Lloyds Banking Group PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 94.08 ($1.53).
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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