Lloyds Banking Group (LON:LLOY): Bernstein Reaffirms “Underperform” Rating Today, Has a Target of GBX 60/Share

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Lloyds Banking Group (LON:LLOY) Rating Reaffirmed

They currently have a GBX 60 price target on Lloyds Banking Group (LON:LLOY). The target price by Bernstein would suggest a potential downside of -13.98% from the company’s last close price. This has been shown in a comprehensive report on Tuesday morning.

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 87.91 with a 26.99% above today’s (GBX 69.96) 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 30.83 million shares of stock traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 22.08% since May 18, 2015 and is downtrending. It has underperformed by 18.40% the S&P500.

Lloyds Banking Group (LON:LLOY): Bernstein Reaffirms

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 49.93 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 30.27 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .

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