Lloyds Banking Group (LON:LLOY) Rating Reaffirmed
The financial company has just set a price target of GBX 96 on Lloyds Banking Group (LON:LLOY) shares. This is 33.43% from the current price. In a recent research report announced on 17 December, Grupo Santander has restated their “Buy” rating on shares of LLOY.
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 24.08% above today’s (GBX 71.6) 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.
Approximately 21.52M shares of stock traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 19.61% since May 20, 2015 and is downtrending. It has underperformed by 17.34% 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 50.96 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 30.98 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .