Lloyds Banking Group (LON:LLOY) Rating Reaffirmed
Lloyds Banking Group (LON:LLOY) just had their share rating of a ‘”Overweight”‘ issued by research analysts at J.P. Morgan, who now has a GBX 98 target PPS on the 52.11B GBP market cap company or a 33.48% upside potential. This key information was released in an analyst note on 7 December.
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 20.93% above today’s (GBX 73.07) stock price. Lloyds Banking Group PLC was the topic of 85 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 with “Buy” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 91 target share price in a report from a December 2. JP Morgan maintained LLOY stock in a recent report from December 2 with “Overweight” rating. RBC Capital Markets maintained the rating on November 27. RBC Capital Markets has a “Outperform” rating and a GBX 95 price target on shares. Finally, Bernstein downgraded the stock to “Underperform” rating in a report issued on a November 30.
Approximately 21.40M shares of stock traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 15.94% since May 8, 2015 and is downtrending. It has underperformed by 14.86% the S&P500.
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 52.11 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 31.62 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .