Lloyds Banking Group (LLOY) Rating Reiterated by Barclays
Lloyds Banking Group (LON:LLOY)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a research report issued on Monday, Borsen Zeitung reports. They presently have a GBX 85 ($1.11) target price on the financial services provider’s stock. Barclays‘s price target would suggest a potential upside of 35.09% from the stock’s current price.
LLOY has been the topic of several other research reports. JPMorgan Chase & Co. set a GBX 85 ($1.11) price target on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research report on Monday, January 14th. Deutsche Bank lowered their price objective on Lloyds Banking Group from GBX 77 ($1.01) to GBX 68 ($0.89) and set a “buy” rating for the company in a report on Friday, January 11th. UBS Group set a GBX 80 ($1.05) target price on Lloyds Banking Group and gave the stock a “buy” rating in a report on Monday, January 7th. Royal Bank of Canada set a GBX 80 ($1.05) price target on Lloyds Banking Group and gave the company a “buy” rating in a report on Tuesday, January 1st. Finally, Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, February 20th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Lloyds Banking Group currently has an average rating of “Buy” and a consensus price target of GBX 72.69 ($0.95).
Lloyds Banking Group stock opened at GBX 62.92 ($0.82) on Monday. Lloyds Banking Group has a 52 week low of GBX 49.52 ($0.65) and a 52 week high of GBX 68.61 ($0.90). The company has a market cap of $44.78 billion and a PE ratio of 11.44.
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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