Lloyds Banking Group (LON:LLOY) Earns “Overweight” Rating from Morgan Stanley
Morgan Stanley reaffirmed their overweight rating on shares of Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Monday, Digital Look reports.
LLOY has been the topic of a number of other research reports. UBS Group reissued a buy rating and set a GBX 62 ($0.81) price target (down previously from GBX 65 ($0.85)) on shares of Lloyds Banking Group in a research note on Monday, November 4th. Shore Capital restated a buy rating on shares of Lloyds Banking Group in a report on Thursday, October 31st. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 88 ($1.15) price objective on shares of Lloyds Banking Group in a research report on Monday, October 14th. Goldman Sachs Group upped their target price on Lloyds Banking Group from GBX 47 ($0.61) to GBX 51 ($0.67) and gave the company a sell rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada increased their target price on Lloyds Banking Group from GBX 61 ($0.80) to GBX 66 ($0.86) and gave the stock an outperform rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Lloyds Banking Group presently has an average rating of Hold and an average price target of GBX 64.93 ($0.85).
LLOY stock opened at GBX 60.82 ($0.79) on Monday. The company has a 50 day moving average price of GBX 59.39 and a two-hundred day moving average price of GBX 56.18. The stock has a market capitalization of $42.38 billion and a P/E ratio of 21.72. Lloyds Banking Group has a one year low of GBX 48.16 ($0.63) and a one year 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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