November 23, 2016 - By Marie Mckinney
In a research note released on Wednesday, 23 November, Lloyds Banking Group (LON:LLOY) stock Outperform was reconfirmed at Macquarie. They currently have a GBX 65.00 TP on the stock. Macquarie’s TP suggests a potential upside of 9.48% from the company’s current stock price.
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 20.87% above today’s (GBX 59.38) stock price. Lloyds Banking Group PLC has been the topic of 237 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Tuesday, March 15 by Berenberg. BNP Paribas maintained the stock with “Outperform” rating in Thursday, August 13 report. Berenberg upgraded it to “Hold” rating and GBX 55 target price in Tuesday, July 26 report. The firm has “Underperform” rating by BNP Paribas given on Tuesday, February 9. The firm has “Buy” rating by Santander given on Wednesday, January 13. The stock has “Overweight” rating given by JP Morgan on Wednesday, February 10. The stock has “Underperform” rating given by Bernstein on Friday, January 15. The rating was maintained by Deutsche Bank on Thursday, July 21 with “Buy”. The stock of Lloyds Banking Group PLC (LON:LLOY) has “Equal Weight” rating given on Thursday, October 6 by Barclays Capital. Macquarie Research upgraded it to “Neutral” rating and GBX 60 target price in Wednesday, February 24 report.
About 50.01 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 42.38 billion GBP. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It has a 45.29 P/E ratio. It operates through its divisions, including Retail, Commercial Banking, Consumer Finance and Insurance.
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