Lloyds Banking Group (LON:LLOY) had its price target raised by equities research analysts at Deutsche Bank from GBX 74 ($0.97) to GBX 77 ($1.01) in a report released on Friday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price objective would suggest a potential upside of 35.49% from the stock’s current price.
Other analysts also recently issued research reports about the stock. UBS Group set a GBX 80 ($1.05) price objective on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research note on Tuesday, August 7th. JPMorgan Chase & Co. set a GBX 85 ($1.11) price objective on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Societe Generale reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, September 10th. Barclays set a GBX 90 ($1.18) price objective on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research note on Monday, September 24th. Finally, Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 76.39 ($1.00).
Shares of LON LLOY opened at GBX 56.83 ($0.74) on Friday. 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).
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. 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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