Morgan Stanley Reaffirms “Equal weight” Rating for Lloyds Banking Group (LLOY)
Morgan Stanley reaffirmed their equal weight rating on shares of Lloyds Banking Group (LON:LLOY) in a research report report published on Tuesday morning. They currently have a GBX 75 ($1.04) target price on the financial services provider’s stock.
A number of other analysts have also commented on the stock. UBS Group set a GBX 85 ($1.17) target price on shares of Lloyds Banking Group and gave the stock a buy rating in a report on Monday. Citigroup reaffirmed a sell rating on shares of Lloyds Banking Group in a report on Monday. Credit Suisse Group reaffirmed an outperform rating and set a GBX 85 ($1.17) target price on shares of Lloyds Banking Group in a report on Friday, February 9th. Deutsche Bank reaffirmed a buy rating and set a GBX 83 ($1.15) target price on shares of Lloyds Banking Group in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Lloyds Banking Group in a report on Thursday, February 1st. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. The company 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 66.54 ($0.92) on Tuesday. 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 company has a market cap of $47,960.00 and a price-to-earnings ratio of 1,663.50.
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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