Lloyds Banking Group (LON:LLOY) Now Covered by Credit Suisse Group
Credit Suisse Group initiated coverage on shares of Lloyds Banking Group (LON:LLOY) in a research note published on Tuesday morning, Borsen Zeitung reports. The brokerage issued a neutral rating and a GBX 60 ($0.79) price objective on the financial services provider’s stock.
A number of other research analysts have also issued reports on the company. Shore Capital reiterated a buy rating and set a GBX 72 ($0.95) target price on shares of Lloyds Banking Group in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated a buy rating and set a GBX 66 ($0.87) target price on shares of Lloyds Banking Group in a research report on Thursday, January 23rd. Barclays reiterated an overweight rating on shares of Lloyds Banking Group in a research report on Tuesday, January 21st. Morgan Stanley increased their target price on Lloyds Banking Group from GBX 72 ($0.95) to GBX 75 ($0.99) and gave the company a buy rating in a research report on Thursday, January 9th. Finally, UBS Group reiterated a buy rating and set a GBX 62 ($0.82) target price on shares of Lloyds Banking Group in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 65.13 ($0.86).
Shares of LON LLOY opened at GBX 56.61 ($0.74) on Tuesday. The stock has a market capitalization of $39.79 billion and a price-to-earnings ratio of 20.22. Lloyds Banking Group has a 12 month low of GBX 48.16 ($0.63) and a 12 month high of GBX 73.66 ($0.97). The firm’s 50 day simple moving average is GBX 59.38 and its 200-day simple moving average is GBX 56.99.
About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
Recommended Story: What sectors are represented in the FTSE 100 index?
Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.