A statement released earlier today by Credit Suisse about Lloyds Banking Group PLC (LON:LLOY) raises the target price to 70.00GBX
- Updated: April 21, 2017
Lloyds Banking Group PLC (LON:LLOY) had its target price raised to 70.00GBX by Credit Suisse in a report released Friday April 21, 2017. The new target price indicates a possible upside of 0.09% based on the company's last stock close price.
Previously on 04/19/2017, Deutsche Bank reported about Lloyds Banking Group PLC (LON:LLOY) lowered the target price from 70.00GBX to 66.00GBX. At the time, this indicated a possible upside of 0.06%.
Yesterday Lloyds Banking Group PLC (LON:LLOY) traded 0.47% higher at 64.36GBX. The company’s 50-day moving average is 66.48GBX and its 200-day moving average is 62.71GBX. The last stock close price is up 2.63% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 80,075,981 shares of the stock were exchanged, down from an average trading volume of 190,836,000
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Lloyds Banking Group PLC has a 52 week low of 47.10GBX and a 52 week high of 74.00GBX with a P/E ratio of 26.82 The company’s market cap is currently 0 GBX.
In addition to Credit Suisse reporting its target price, a total of 21 firms have issued a report on the stock. The consensus target price is 69.90GBX with 5 firms rating the stock a strong buy, 14 firms rating the stock a buy, 5 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Lloyds Banking Group PLC (LON:LLOY)
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. The Retail segment offers a range of financial service products, including current accounts, savings and mortgages. The Commercial Banking segment offers a range of products and services, such as lending, transactional banking, working capital management, risk management and debt capital markets services. The Consumer Finance segment offers consumer lending products, including motor finance, credit cards, and unsecured personal loans. The Insurance segment provides a range of protection, pension and investment products. Its brands include Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows, Colleys, Lex Autolease and AMC.
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