Lloyds Banking Group (LON:LLOY) had its price objective decreased by HSBC from GBX 59 ($0.77) to GBX 58 ($0.76) in a research report report published on Thursday morning, Borsen Zeitung reports. HSBC currently has a hold rating on the financial services provider’s stock.
A number of other equities analysts have also issued reports on the stock. Morgan Stanley set a GBX 70 ($0.91) target price on shares of Lloyds Banking Group and gave the stock a buy rating in a research report on Tuesday. Barclays lowered their target price on shares of Lloyds Banking Group from GBX 85 ($1.11) to GBX 80 ($1.05) and set an overweight rating on the stock in a research report on Monday. Davy Research upgraded shares of Lloyds Banking Group to an outperform rating in a research report on Tuesday, May 28th. Goldman Sachs Group raised their target price on shares of Lloyds Banking Group from GBX 66 ($0.86) to GBX 67 ($0.88) and gave the stock a neutral rating in a research report on Thursday, May 23rd. Finally, Bank of America restated an underperform rating and set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 71 ($0.93).
Shares of LLOY opened at GBX 57.72 ($0.75) on Thursday. The company has a market cap of $40.90 billion and a PE ratio of 10.49. Lloyds Banking Group has a 12-month low of GBX 49.52 ($0.65) and a 12-month high of GBX 66.79 ($0.87).
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.
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