A statement released earlier today by RBC Capital Markets about Lloyds Banking Group PLC (LON:LLOY) bumps down the target price to 70.00GBX
- Updated: September 18, 2016
Only yesterday Lloyds Banking Group PLC (LON:LLOY) traded 0.39% lower at 55.10GBX. Lloyds Banking Group PLC’s 50-day moving average is 56.22GBX and its two hundred day moving average is 63.03GBX. The last stock price is down 10.35% from the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was was up over the average, with 237,785,600 shares of LLOY changing hands over the typical 217,783,008 shares..
RBC Capital Markets dropped the estimated target of Lloyds Banking Group PLC (LON:LLOY) to 70GBX, reporting a possible upside of 0.27%,
On 8/11/2016, JP Morgan Cazenove released a statement for Lloyds Banking Group PLC(LON:LLOY) lowered the target price from 65.00GBX to 62.00GBX that suggested an upside of 0.14%.
A total of 21 analysts have released a ratings update on the stock. Five firms rate the stock a strong buy, 14 analysts rate the company a buy, five analyts rate the company a hold, two firms rate the stock to underperform, and lastly one firmrate the stock as sell with a 12-month target price of 69.90GBX
Lloyds Banking Group PLC has a one-year low of 47.10GBX and a 52 week high of 78.02GBX with a P/E ratio of 27. LLOY’s market capitalization is currently 0.0 GBX.
General Information 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, and as well as general insurance products in the United Kingdom.
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