Lloyds Banking Group (LLOY) Receives Buy Rating from Societe Generale
Lloyds Banking Group (LON:LLOY)‘s stock had its “buy” rating reaffirmed by equities researchers at Societe Generale in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued reports about the stock. Barclays reiterated an “overweight” rating and set a GBX 85 ($1.11) price target on shares of Lloyds Banking Group in a research report on Monday. Deutsche Bank increased their price target on shares of Lloyds Banking Group from GBX 68 ($0.89) to GBX 72 ($0.94) and gave the company a “buy” rating in a research report on Monday, February 25th. JPMorgan Chase & Co. set a GBX 80 ($1.05) price target on shares of Lloyds Banking Group and gave the company a “buy” rating in a research report on Thursday, February 21st. Numis Securities began coverage on shares of Lloyds Banking Group in a research report on Tuesday, February 5th. They set a “hold” rating and a GBX 54 ($0.71) price target on the stock. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 60 ($0.78) price objective on shares of Lloyds Banking Group in a research note on Monday, February 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 72.69 ($0.95).
Shares of LON LLOY opened at GBX 63.44 ($0.83) on Tuesday. Lloyds Banking Group has a one year low of GBX 49.52 ($0.65) and a one year high of GBX 68.61 ($0.90). The company has a market cap of $45.15 billion and a price-to-earnings ratio of 11.53.
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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