Lloyds Banking Group (LON:LLOY) Outperform Rating Restated Today By RBC Capital Markets; The PT Provided Is GBX 95


Lloyds Banking Group (LON:LLOY) Rating Reaffirmed

RBC Capital Markets now has a GBX 95 Estimated Target Price on shares of Lloyds Banking Group (LON:LLOY). The Estimated Target Price indicates a potential upside of 30.07% from the price per share of Lloyds Banking Group (LON:LLOY). This rating was shown in analysts note on Friday morning.

From a total of 21 analysts covering Lloyds Banking Group PLC (LON:LLOY) stock, 13 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 62% 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 89.64 with a 22.13% above today’s (GBX 73.4) stock price. Lloyds Banking Group PLC was the topic of 78 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Outperform” rating. Nomura maintained shares with “Buy” rating and GBX 95 target share price in a report from a November 23. BNP Paribas maintained LLOY stock in a recent report from November 25 with “Neutral” rating. Morgan Stanley maintained the rating on November 20. Morgan Stanley has a “Overweight” rating and a GBX 90 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on a November 23.

The stock increased 0.37% or GBX 0.27 on November 27, striking GBX 73.4. Approximately 65.46 million shares of stock traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 11.43% since May 1, 2015 and is downtrending. It has underperformed by 10.54% the S&P500.

Lloyds Banking Group (LON:LLOY) Outperform Rating Restated Today By RBC Capital Markets; The PT Provided Is GBX 95

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 52.39 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 31.76 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .