Lloyds Banking Group (LON:LLOY)‘s stock had its “buy” rating reissued by UBS Group in a research note issued to investors on Monday, Borsen Zeitung reports. They presently have a GBX 70 ($0.91) price objective on the financial services provider’s stock, down from their prior price objective of GBX 75 ($0.98). UBS Group’s target price points to a potential upside of 32.48% from the stock’s previous close.
A number of other brokerages also recently issued reports on LLOY. Deutsche Bank reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, July 24th. JPMorgan Chase & Co. downgraded shares of Lloyds Banking Group to a “neutral” rating and reduced their price objective for the stock from GBX 80 ($1.05) to GBX 70 ($0.91) in a research report on Tuesday, July 16th. Bank of America reaffirmed an “underperform” rating and issued a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group in a research report on Tuesday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 99 ($1.29) price objective on shares of Lloyds Banking Group in a research report on Monday, July 1st. Finally, Societe Generale reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 69.44 ($0.91).
LLOY stock traded down GBX 0.49 ($0.01) during trading on Monday, reaching GBX 52.84 ($0.69). The stock had a trading volume of 435,612,035 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a one year low of GBX 49.52 ($0.65) and a one year high of GBX 66.79 ($0.87). The stock has a 50 day moving average price of GBX 57.19. The stock has a market cap of $37.24 billion and a P/E ratio of 9.61.
About Lloyds Banking Group
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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