Lloyds Banking Group (LON:LLOY) has been given a GBX 90 ($1.18) price objective by research analysts at Credit Suisse Group in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Credit Suisse Group’s price target suggests a potential upside of 51.41% from the company’s previous close.
Several other equities analysts have also recently commented on the company. Royal Bank of Canada set a GBX 90 ($1.18) price target on Lloyds Banking Group and gave the company a “buy” rating in a report on Friday, November 2nd. HSBC set a GBX 66 ($0.86) price objective on Lloyds Banking Group and gave the company a “neutral” rating in a research note on Tuesday, October 30th. Cfra set a GBX 67 ($0.88) price objective on Lloyds Banking Group and gave the company a “buy” rating in a research note on Friday, October 26th. Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group in a research note on Friday, October 26th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group in a research note on Friday, October 26th. One investment 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. Lloyds Banking Group currently has a consensus rating of “Buy” and a consensus price target of GBX 76.28 ($1.00).
LON LLOY opened at GBX 59.44 ($0.78) on Friday. Lloyds Banking Group has a twelve month low of GBX 61.81 ($0.81) and a twelve month high of GBX 73.58 ($0.96).
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. 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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