8.71% to Target, Credit Suisse Maintains Neutral Rating for Lloyds Banking Group PLC (LON:LLOY) Stock; 2 Bullish Analysts Covering Preferred Bank (PFBC)

April 21, 2017 - By Adrian Mccoy

London: In an analyst report shared with investors on Friday morning, Credit Suisse reiterated their Neutral rating on shares of Lloyds Banking Group PLC (LON:LLOY). They currently have a GBX 70.00 target on the company. Credit Suisse’s target would suggest a potential upside of 8.71% from the company’s previous stock close.

Among 3 analysts covering Preferred Bank (NASDAQ:PFBC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Preferred Bank had 6 analyst reports since August 25, 2015 according to SRatingsIntel. FBR Capital maintained it with “Outperform” rating and $65 target in Monday, January 23 report. Raymond James upgraded the stock to “Outperform” rating in Tuesday, August 25 report. The company was initiated on Friday, July 1 by FBR Capital. Raymond James downgraded the shares of PFBC in report on Monday, October 5 to “Outperform” rating. FBR Capital maintained the stock with “Outperform” rating in Friday, July 22 report. See Preferred Bank (NASDAQ:PFBC) latest ratings:

06/04/2017 Broker: Stephens Rating: Equal-Weight Initiates Coverage On
23/01/2017 Broker: FBR Capital Rating: Outperform Old Target: $60 New Target: $65 Maintain

Preferred Bank is a commercial bank

The stock increased 1.91% or $0.94 during the last trading session, reaching $50.22. About shares traded. Preferred Bank (NASDAQ:PFBC) has risen 43.94% since September 14, 2016 and is uptrending. It has outperformed by 33.12% the S&P500.

Lloyds Banking Group plc is a provider of financial services to individual and business clients in the United Kingdom. The company has market cap of 46.01 billion GBP. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. It has a 22.18 P/E ratio. The Company’s divisions are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

About 82.04M shares traded. Lloyds Banking Group PLC (LON:LLOY) has risen 12.19% since September 21, 2016 and is uptrending. It has outperformed by 1.37% the S&P500.

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