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Lloyds Banking Group (LLOY) Share Price London Stock Exchange October 26

Friday’s close saw Lloyds Banking Group reach the week’s high for the stock, finishing at the 76.72 mark, just brushing below the 77.03 it had achieved earlier in the day.

If this trend of upward movement continues Lloyds could be expecting substantial gains, such as those recorded earlier in the year.

Brokers and analysts rate share as a strong buy for investors looking to get into the banking group’s corner. The stock remained the highest trade by volume with shares sold only slightly outweighing those purchased at 50.88%.

By the end of trading, the Deutsche Bank had shifted target price of the stock form 94p to 95p and maintained its buy recommendation. JP Morgan classified the stock as overweight, while Espirito Santo Execution Noble recommended investors sell shares. It is only financial institution to have issued such a recommendation.

 

 

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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