HSBC set a GBX 58 ($0.76) price target on Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
Other research analysts have also recently issued reports about the stock. Jefferies Financial Group dropped their target price on shares of Seres Therapeutics from $6.00 to $4.00 and set a hold rating for the company in a report on Monday, July 1st. Deutsche Bank set a €95.00 ($110.47) target price on shares of Beiersdorf and gave the company a neutral rating in a report on Tuesday, May 14th. Societe Generale reaffirmed a sell rating on shares of KINGFISHER PLC/SH in a report on Tuesday, April 9th. UBS Group set a $70.00 target price on shares of Lumentum and gave the company a buy rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of OceanaGold in a report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 70.69 ($0.92).
Shares of Lloyds Banking Group stock opened at GBX 57.68 ($0.75) on Tuesday. Lloyds Banking Group has a 12-month low of GBX 49.52 ($0.65) and a 12-month high of GBX 66.79 ($0.87). The stock has a market capitalization of $40.79 billion and a PE ratio of 10.49. The firm has a 50-day moving average of GBX 57.72.
Lloyds Banking Group Company Profile
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. It 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, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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