November 23, 2016 - By Vivian Park
They currently have a GBX 65.00 target on Lloyds Banking Group PLC (LON:LLOY). Macquarie’s target would suggest a potential upside of 8.66% from the company’s last stock close price. This was revealed to clients and investors in an analyst report on 23 November.
Out of 28 analysts covering Lloyds Banking Group PLC (LON:LLOY), 17 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 61% are positive. GBX 108 is the highest target while GBX 48 is the lowest. The GBX 71.77 average target is 20.46% above today’s (GBX 59.58) stock price. Lloyds Banking Group PLC has been the topic of 237 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Haitong Securities on Thursday, April 28 with “Neutral”. Macquarie Research maintained Lloyds Banking Group PLC (LON:LLOY) rating on Wednesday, November 23. Macquarie Research has “Outperform” rating and GBX 65 price target. The firm earned “Overweight” rating on Thursday, February 11 by J.P. Morgan. Jefferies maintained Lloyds Banking Group PLC (LON:LLOY) rating on Wednesday, August 26. Jefferies has “Buy” rating and GBX 97 price target. The stock of Lloyds Banking Group PLC (LON:LLOY) has “Overweight” rating given on Tuesday, November 10 by JP Morgan. Nomura maintained Lloyds Banking Group PLC (LON:LLOY) on Thursday, January 28 with “Buy” rating. Wood maintained the stock with “Market Perform” rating in Wednesday, March 16 report. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, July 23 report. The rating was maintained by Deutsche Bank on Friday, October 21 with “Hold”. As per Tuesday, March 15, the company rating was maintained by Berenberg.
About 23.64 million shares traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 11.60% since April 25, 2016 and is downtrending. It has underperformed by 16.93% the S&P500.
LLOYDS BANKING GROUP plc provides financial services to individual and business clients in the United Kingdom but also overseas. The company has a market cap of 42.52 billion GBP. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It has a 45.45 P/E ratio. It operates through its divisions, including Retail, Commercial Banking, Consumer Finance and Insurance.
Another recent and important Lloyds Banking Group PLC (LON:LLOY) news was published by Fool.Co.Uk which published an article titled: “Is it too late to buy Lloyds Banking Group plc?” on November 20, 2016.
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By Vivian Park