Lloyds Banking Group (LON:LLOY – Get Free Report)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank of Canada in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 60 ($0.78) price target on the financial services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 4.06% from the stock’s previous close.
A number of other brokerages have also commented on LLOY. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. JPMorgan Chase & Co. upped their price objective on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the company an “underweight” rating in a research note on Wednesday, July 3rd. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.71) target price on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of “Hold” and an average price target of GBX 56.86 ($0.74).
Check Out Our Latest Stock Analysis on LLOY
Lloyds Banking Group Stock Performance
Lloyds Banking Group Company Profile
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.
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