Lloyds Banking Group (LON:LLOY) Rating Reaffirmed
In an analyst note issued to investors and clients on Wednesday, 9 December, The “Buy” rating of Lloyds Banking Group (LON:LLOY) shares was has decided to restate by Analysts at Nomura, who now has a GBX 95 target on the stock. Nomura’s target means a possible upside of 33.15% from the stock close price of the company.
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 25.52% above today’s (GBX 70.78) stock price. Lloyds Banking Group PLC was the topic of 88 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 9 with “Buy” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 91 target share price in a report from a December 2. Berenberg maintained LLOY stock in a recent report from December 7 with “Sell” rating. Societe Generale maintained the rating on December 1. Societe Generale has a “Buy” rating and a GBX 98 price target on shares. Finally, AlphaValue maintained the stock with “Buy” rating in a report issued on a December 3.
Approximately 51.10M shares of stock traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 18.05% since May 12, 2015 and is downtrending. It has underperformed by 17.26% 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 51.35 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 30.63 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .