Lloyds Banking Group PLC using EPIC/TICKER code LON:LLOY has had its stock rating noted as “Retains” with the recommendation being set at “BUY” today by analysts at Investec. They now have a GBX 59 ($0.77) target price on the financial services provider’s stock, down from their previous target price of GBX 60 ($0.78). The stock’s market capitalization is 30.87B, it has a 52-week low of 3.91 and a 52-week high of 10.26. The company has a 50-day moving average of $5.06 and a 200-day moving average of $6.04. Lloyds fell 2.2 percent to 59.63 pence after Lock cut his rating to hold from buy, citing the impact from lower interest rates in the wake of the U.K.’s vote to leave the European Union. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 75 ($0.98) target price on shares of Lloyds Banking Group PLC in a research note on Monday, June 27th.
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A number of other research analysts have also weighed in on LLOY.
07/06/2016 – Royal Bank of Scotland Group plc had its “neutral” rating reiterated by analysts at Mediobanca. Finally, Berenberg Bank raised Lloyds Banking Group PLC from a sell rating to a hold rating in a research report on Tuesday, July 26th. About 4.81 million shares traded hands.
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According to Zacks Investment Research, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of £62.8 billion at the end of 2006”. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. Capstone Asset Management Co. boosted its position in shares of Lloyds Banking Group PLC by 2.6% in the first quarter. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts. Deutsche Bank AG’s price target indicates a potential downside of 3.20% from the company’s previous close.
