Credit Suisse Group Reiterates “Outperform” Rating for Lloyds Banking Group (LLOY)
Credit Suisse Group reissued their outperform rating on shares of Lloyds Banking Group (LON:LLOY) in a research note published on Friday morning. Credit Suisse Group currently has a GBX 85 ($1.17) price objective on the financial services provider’s stock.
A number of other equities research analysts have also issued reports on the stock. Goldman Sachs Group set a GBX 55 ($0.76) price objective on shares of Lloyds Banking Group and gave the company a sell rating in a report on Wednesday, November 8th. Deutsche Bank raised their target price on shares of Lloyds Banking Group from GBX 73 ($1.01) to GBX 77 ($1.06) and gave the company a buy rating in a report on Monday, October 23rd. Barclays reissued an overweight rating and issued a GBX 77 ($1.06) target price on shares of Lloyds Banking Group in a report on Wednesday, November 29th. JPMorgan Chase & Co. raised their target price on shares of Lloyds Banking Group from GBX 83 ($1.15) to GBX 85 ($1.17) and gave the company an overweight rating in a report on Thursday, October 26th. Finally, Citigroup reissued a sell rating and issued a GBX 61 ($0.84) target price on shares of Lloyds Banking Group in a report on Thursday, October 26th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 76.08 ($1.05).
Shares of Lloyds Banking Group (LLOY) opened at GBX 66.47 ($0.92) on Friday. Lloyds Banking Group has a fifty-two week low of GBX 61.81 ($0.85) and a fifty-two week high of GBX 73.58 ($1.02). The stock has a market cap of $47,910.00 and a P/E ratio of 1,661.75.
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About Lloyds Banking Group
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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