Lloyds Banking Group (LON:LLOY) has been given a GBX 76 ($0.99) price objective by research analysts at Deutsche Bank in a report issued on Tuesday, September 18th. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price target suggests a potential upside of 30.70% from the company’s current price.
Several other research firms have also commented on LLOY. Goldman Sachs Group set a GBX 56 ($0.73) price target on shares of Lloyds Banking Group and gave the stock a “sell” rating in a research report on Friday, August 17th. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Wednesday, September 5th. Berenberg Bank upgraded shares of Lloyds Banking Group to a “hold” rating and set a GBX 60 ($0.78) price target for the company in a research report on Tuesday, September 4th. JPMorgan Chase & Co. set a GBX 85 ($1.11) target price on shares of Lloyds Banking Group and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Barclays reiterated an “overweight” rating and issued a GBX 90 ($1.18) target price on shares of Lloyds Banking Group in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Lloyds Banking Group currently has a consensus rating of “Buy” and an average price target of GBX 76 ($0.99).
LLOY traded up GBX 0.25 ($0.00) during trading on Tuesday, hitting GBX 58.15 ($0.76). The company had a trading volume of 265,655,201 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a 1-year low of GBX 61.81 ($0.81) and a 1-year high of GBX 73.58 ($0.96).
About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.
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