Bank of America Securities analyst Rohith Chandrarajan maintained a Buy rating on Lloyds Banking (LYG – Research Report) today and set a price target of p63.00. The company’s shares closed yesterday at $2.36.
Chandrarajan covers the Financial sector, focusing on stocks such as Barclays, Deutsche Bank AG, and Lloyds Banking. According to TipRanks, Chandrarajan has an average return of 9.8% and a 55.56% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lloyds Banking with a $0.85 average price target.
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LYG market cap is currently $39.49B and has a P/E ratio of 6.57.
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UK-based Lloyds Banking Group Plc is a financial services company, which provides a wide range of banking and financial services. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth.
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