Analyst at JP Morgan Cazenove Reiterated The Lloyds Banking Group (LON:LLOY) “Overweight” Rating They’ve Had


Lloyds Banking Group (LON:LLOY) Rating Reaffirmed

In recent note revealed to investors on Wednesday, 2 December, JP Morgan Cazenove reiterated their “Overweight” rating on Lloyds Banking Group (LON:LLOY) shares.

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 17.89% above today’s (GBX 75.01) stock price. Lloyds Banking Group PLC was the topic of 82 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 2 with “Buy” rating. Berenberg maintained shares with “Sell” rating and GBX 55 target share price in a report from a November 25. Bernstein downgraded LLOY stock in a recent report from November 30 to “Underperform” rating. Nomura maintained the rating on November 23. Nomura has a “Buy” rating and a GBX 95 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a November 25.

The stock increased 0.40% or GBX 0.3 on December 2, striking GBX 75.01. Approximately 116.39M shares of stock traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 9.34% since May 5, 2015 and is downtrending. It has underperformed by 9.14% the S&P500.

Analyst at JP Morgan Cazenove Reiterated The Lloyds Banking Group (LON:LLOY)

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 53.21 billion GBP. The Firm offers retail and commercial banking, and long-term savings, protection and investment. It has 32.46 P/E ratio. It operates through five divisions: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc .