Rating Change: Lloyds Banking Group PLC (LON:LLOY) Gets Coverage From Credit Suisse with GBX 65.00 PT

November 29, 2016 - By Clifton Ray

Why Credit Suisse Gives Lloyds Banking Group PLC (LON:LLOY) GBX 65.00 Price Target

In a analysts note issued to clients on Tuesday morning, Credit Suisse analyst just has started coverage of Lloyds Banking Group PLC (LON:LLOY) with Neutral rating. The target price is GBX 65.00.

Lloyds Banking Group PLC (LON:LLOY) Ratings Coverage

Out of 29 analysts covering Lloyds Banking Group PLC (LON:LLOY), 17 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 59% are positive. GBX 108 is the highest target while GBX 48 is the lowest. The GBX 71.58 average target is 24.27% above today’s (GBX 57.6) stock price. Lloyds Banking Group PLC has been the topic of 240 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Tuesday, September 22, the company rating was maintained by Investec. On Friday, November 13 the stock rating was maintained by Societe Generale with “Buy”. HSBC maintained it with “Buy” rating and GBX 80 target price in Thursday, April 7 report. The company was maintained on Friday, February 26 by Natixis. Deutsche Bank maintained Lloyds Banking Group PLC (LON:LLOY) rating on Tuesday, March 8. Deutsche Bank has “Buy” rating and GBX 83 price target. The company was maintained on Wednesday, February 3 by UBS. BNP Paribas maintained it with “Outperform” rating and GBX 90 target price in Tuesday, August 4 report. The firm has “Hold” rating given on Thursday, October 13 by Deutsche Bank. The stock has “Buy” rating given by HSBC on Monday, April 25. Deutsche Bank maintained it with “Buy” rating and GBX 79 target price in Friday, April 29 report.

About 27.33M shares traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 13.73% since April 29, 2016 and is downtrending. It has underperformed by 18.99% 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 41.11 billion GBP. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It has a 43.94 P/E ratio. It operates through its divisions, including Retail, Commercial Banking, Consumer Finance and Insurance.

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