A statement released earlier today by Deutsche Bank about Lloyds Banking Group PLC (LON:LLOY) bumps the target price to 59.00GBX
- Updated: October 12, 2016
Boasting a price of 52.63GBX, Lloyds Banking Group PLC (LON:LLOY) traded -0.43% lower on the day. With the last stock price close down -13.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Lloyds Banking Group PLC has recorded a 50-day average of 56.63GBX and a two hundred day average of 61.03GBX. Volume of trade was down over the average, with 12,586,689 shares of LLOY changing hands under the typical 184,532,992
Deutsche Bank bumped up the target of Lloyds Banking Group PLC (LON:LLOY) to 59.00GBX stating a potential upside of 0.12%.
On Tuesday October 11, 2016, Jefferies International released a statement for Lloyds Banking Group PLC (LON:LLOY) maintained the target price at 67.00GBX that suggested an upside of 0.28%.
With a total market value of 0 GBX, Lloyds Banking Group PLC has price-earnings ratio of 25.14 with a one year low of 47.10GBX and a one year high of 78.02GBX .
A total of 21 equity analysts have released a ratings update on LLOY. Five equity analysts rating the company a strong buy, fourteen equity analysts rating the company a buy, five equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of 69.90GBX.
Brief Synopsis About Lloyds Banking Group PLC (LON:LLOY)
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company's business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance. Its Retail segment provides banking, mortgages and other financial services to personal and small business customers in the United Kingdom. Its Commercial Banking segment provides banking and related services to business clients, from small and medium-sized enterprises (SME) to large corporates. Its Consumer Finance segment provides a range of products, including motor finance, credit cards, and European mortgages and deposit taking. Its Insurance segment provides long-term savings, protection and investment products, as well as general insurance products in the United Kingdom.
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