Lloyds Banking Group (LON:LLOY) has been given a GBX 85 ($1.19) target price by stock analysts at Credit Suisse Group in a report issued on Friday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Credit Suisse Group’s price objective suggests a potential upside of 28.17% from the stock’s current price.
LLOY has been the subject of a number of other research reports. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Friday, December 8th. HSBC restated a “buy” rating and issued a GBX 72 ($1.01) target price on shares of Lloyds Banking Group in a research note on Monday, January 29th. Deutsche Bank raised their target price on shares of Lloyds Banking Group from GBX 77 ($1.08) to GBX 83 ($1.17) and gave the stock a “buy” rating in a research note on Friday, January 26th. UBS set a GBX 85 ($1.19) target price on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Royal Bank of Canada set a GBX 90 ($1.26) target price on shares of Lloyds Banking Group and gave the stock a “buy” rating in a research note on Thursday, March 8th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Lloyds Banking Group presently has a consensus rating of “Buy” and a consensus target price of GBX 76.38 ($1.07).
Shares of LON:LLOY opened at GBX 66.32 ($0.93) on Friday. Lloyds Banking Group has a 1-year low of GBX 61.81 ($0.87) and a 1-year high of GBX 73.58 ($1.03).
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About Lloyds Banking Group
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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