Reaffirmed: Lloyds Banking Group PLC (LON:LLOY) Buy Rating Has Been Maintained at Deutsche Bank; GBX 91.00 Target in Place

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Lloyds Banking Group PLC (LON:LLOY) Rating Reaffirmed

Deutsche Bank now has a GBX 91.00 target price on the 50.20 billion GBP market cap company or 29.56% upside potential. In an analyst research report published on Thursday morning, Lloyds Banking Group PLC (LON:LLOY) shares have had their Buy Rating reconfirmed by stock analysts at Deutsche Bank.

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 25.96% above today’s (GBX 70.53) stock price. Lloyds Banking Group PLC was the topic of 89 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 15 with “Underperform” rating. AlphaValue maintained shares with “Buy” rating and GBX 84.8 target share price in a report from a December 3. J.P. Morgan maintained LLOY stock in a recent report from December 7 with “Overweight” rating. Deutsche Bank maintained the rating on December 2. Deutsche Bank has a “Buy” rating and a GBX 91 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a December 7.

The stock closed the day at GBX 70.53 during the previous session. It is down 19.61% since May 20, 2015 and is downtrending. It has underperformed by 17.34% the S&P500.

Reaffirmed: Lloyds Banking Group PLC (LON:LLOY) Buy Rating Has Been Maintained at Deutsche Bank; GBX 91.00 Target in Place

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 50.20 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 30.52 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .

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