Bank of America Corp. reissued their buy rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note released on Wednesday morning, Analyst Ratings Network.com reports. They currently have a GBX 80 ($1.22) target price on the stock.
Bank of America Corp. has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Nevsun Resources Ltd. They issued a neutral rating on that stock. Also, Bank of America Corp. upgraded shares of Rogers Communications from a neutral rating to a buy rating. Finally, Bank of America Corp. reiterated its hold rating on shares of TE Connectivity. They have a $43.00 price target on that stock.
Lloyds Banking Group PLC (LON: LLOY) opened at 68.19 on Wednesday. Lloyds Banking Group PLC has a 1-year low of GBX 28.582 and a 1-year high of GBX 70.509. The stock’s 50-day moving average is currently GBX 37.64. The company’s market cap is £47.268 billion.
LLOY has been the subject of a number of other recent research reports. Analysts at Investec reiterated a sell rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday. They now have a GBX 65 ($0.99) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research raised their price target on shares of Lloyds Banking Group PLC from GBX 48 ($0.73) to GBX 59 ($0.90) in a research note to investors on Monday. They now have a sell rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Lloyds Banking Group PLC in a research note to investors on Wednesday, July 17th. They now have a GBX 65 ($0.99) price target on the stock.
Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 61.58 ($0.94).
Lloyds Banking Group plc, is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.