November 24, 2016 - By Nellie Frank
Deutsche have a GBX 58.00 PT on the stock. The PT would indicate a potential downside of -2.67% from Lloyds Banking Group (LON:LLOY)‘s last price. This rating was released in an analyst note on 24 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 20.56% above today’s (GBX 59.53) stock price. Lloyds Banking Group PLC has been the topic of 237 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Jefferies maintained it with “Buy” rating and GBX 101 target price in Monday, February 1 report. The firm has “Overweight” rating given on Monday, December 7 by J.P. Morgan. The stock of Lloyds Banking Group PLC (LON:LLOY) earned “Buy” rating by Jefferies on Wednesday, April 13. As per Tuesday, August 16, the company rating was maintained by Deutsche Bank. The stock of Lloyds Banking Group PLC (LON:LLOY) earned “Buy” rating by Nomura on Monday, July 27. The rating was maintained by Macquarie Research on Monday, August 1 with “Outperform”. The company was maintained on Thursday, February 4 by AlphaValue. The rating was maintained by RBC Capital Markets on Tuesday, October 4 with “Outperform”. JP Morgan maintained Lloyds Banking Group PLC (LON:LLOY) on Thursday, August 11 with “Neutral” rating. The rating was maintained by Deutsche Bank on Friday, February 26 with “Buy”.
About 47.17 million shares traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 14.80% since April 26, 2016 and is downtrending. It has underperformed by 20.21% 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 42.49 billion GBP. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It has a 45.41 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 Bloomberg.com which published an article titled: “Lloyds Says It Can Maintain Lending Margins Despite Low Rates” on October 26, 2016.
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By Nellie Frank