Lloyds Banking Group’s (LLOY) “Sell” Rating Reiterated at Berenberg Bank
Berenberg Bank reiterated their sell rating on shares of Lloyds Banking Group (LON:LLOY) in a research note released on Wednesday. Berenberg Bank currently has a GBX 55 ($0.74) price target on the financial services provider’s stock.
A number of other research analysts have also recently issued reports on the stock. Goldman Sachs Group set a GBX 55 ($0.74) price target on shares of Lloyds Banking Group and gave the company a sell rating in a research report on Wednesday, November 8th. UBS set a GBX 85 ($1.14) price target on shares of Lloyds Banking Group and gave the company a buy rating in a research report on Monday, September 4th. Societe Generale reissued a buy rating on shares of Lloyds Banking Group in a research report on Monday, September 11th. Deutsche Bank lifted their price target on shares of Lloyds Banking Group from GBX 73 ($0.98) to GBX 77 ($1.03) and gave the company a buy rating in a research report on Monday, October 23rd. Finally, Royal Bank Of Canada reissued an outperform rating and set a GBX 90 ($1.21) price target on shares of Lloyds Banking Group in a research report on Monday, September 4th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have given a buy rating to the company’s stock. Lloyds Banking Group currently has a consensus rating of Buy and a consensus price target of GBX 75.98 ($1.02).
Shares of Lloyds Banking Group (LON LLOY) traded down GBX 1.11 ($0.01) during midday trading on Wednesday, reaching GBX 64.89 ($0.87). 179,860,000 shares of the company were exchanged, compared to its average volume of 138,250,000. Lloyds Banking Group has a one year low of GBX 56.93 ($0.76) and a one year high of GBX 73.58 ($0.99).
Lloyds Banking Group Company Profile
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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