Today AlphaValue Reaffirms a Buy Rating on Lloyds Banking Group (LON:LLOY) and a GBX 84.8 Target Price

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Lloyds Banking Group (LON:LLOY) Rating Reaffirmed

AlphaValue now has a GBX 84.8 TP on the 52.64B GBP market cap company or 14.15% upside potential. In a comprehensive report published on Thursday morning, Lloyds Banking Group (LON:LLOY) shares have had their Buy Rating reaffirmed by professional analysts at AlphaValue.

From a total of 23 analysts covering Lloyds Banking Group PLC (LON:LLOY) stock, 17 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is GBX 105 while the lowest target price is GBX 55. The mean of all analyst targets is GBX 88.09 with a 19.02% above today’s (GBX 74.3) stock price. Lloyds Banking Group PLC was the topic of 83 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 2 with “Overweight” rating. Berenberg maintained shares with “Sell” rating and GBX 55 target share price in a report from a November 25. Societe Generale maintained LLOY stock in a recent report from December 1 with “Buy” rating. BNP Paribas maintained the rating on November 25. BNP Paribas has a “Neutral” rating and a GBX 78 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a November 27.

Approximately 33.47 million shares of stock traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 9.95% since May 6, 2015 and is downtrending. It has underperformed by 9.67% the S&P500.

Today AlphaValue Reaffirms a Buy Rating on Lloyds Banking Group (LON:LLOY) and a GBX 84.8 Target Price

Lloyds Banking Group plc is engaged in providing financial services to individual and business clients in the United Kingdom and in certain locations overseas. The company has a market cap of 52.64 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 32.15 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .

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