Wells Fargo & Company (WFC) Reaches $64.43 52-Week High; 19 Analysts Covering Lloyds Banking Group plc (LON:LLOY)

January 22, 2018 - By Marie Mckinney

The stock of Wells Fargo & Company (NYSE:WFC) hit a new 52-week high and has $70.23 target or 9.00% above today’s $64.43 share price. The 5 months bullish chart indicates low risk for the $317.27 billion company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $70.23 price target is reached, the company will be worth $28.55B more. The stock increased 0.33% or $0.21 during the last trading session, reaching $64.43. About 2.57 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 22, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 29 analysts covering Lloyds Banking Group PLC (LON:LLOY), 19 have Buy rating, 5 Sell and 5 Hold. Therefore 66% are positive. Lloyds Banking Group PLC had 351 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Friday, June 30. Macquarie Research maintained Lloyds Banking Group plc (LON:LLOY) on Thursday, February 23 with “Outperform” rating. Jefferies maintained the shares of LLOY in report on Wednesday, April 13 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Monday, January 11. The company was maintained on Wednesday, January 18 by UBS. The firm has “Overweight” rating by JP Morgan given on Friday, April 29. The rating was maintained by Credit Suisse on Tuesday, March 28 with “Neutral”. HSBC maintained the shares of LLOY in report on Monday, September 18 with “Buy” rating. As per Thursday, January 21, the company rating was maintained by Deutsche Bank. AlphaValue maintained the stock with “Buy” rating in Friday, April 28 report. See Lloyds Banking Group plc (LON:LLOY) latest ratings:

10/01/2018 Broker: Morgan Stanley Rating: Equal Weight Old Target: GBX 80.00 New Target: GBX 75.00 Downgrade
08/01/2018 Broker: Investec Rating: Buy Old Target: GBX 75.00 New Target: GBX 76.00 Reiteration
08/12/2017 Broker: Shore Capital Rating: Buy Maintain
06/12/2017 Broker: Citigroup Rating: Sell Maintain
05/12/2017 Broker: Goldman Sachs Rating: Sell New Target: GBX 53.00 Maintain
29/11/2017 Broker: Citigroup Rating: Sell Maintain
29/11/2017 Broker: Berenberg Rating: Sell Old Target: GBX 55.00 New Target: GBX 55.00 Maintain
29/11/2017 Broker: Investec Rating: Buy Old Target: GBX 75.00 New Target: GBX 75.00 Maintain
29/11/2017 Broker: Jefferies Rating: Buy Old Target: GBX 91.00 New Target: GBX 91.00 Maintain
29/11/2017 Broker: HSBC Rating: Buy Old Target: GBX 76.00 New Target: GBX 76.00 Maintain

The stock increased 0.29% or GBX 0.21 during the last trading session, reaching GBX 71.69. About 60.33M shares traded. Lloyds Banking Group plc (LON:LLOY) has 0.00% since January 22, 2017 and is . It has underperformed by 16.70% the S&P500.

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands to individual and business clients in the United Kingdom and internationally. The company has market cap of 51.57 billion GBP. The firm operates through four divisions: Retail, Commercial Banking, Consumer Finance, and Insurance. It has a 18.86 P/E ratio. The Retail segment offers a range of financial service products, including current accounts, savings, and mortgages to wealth and small business customers; and distributes insurance products, and a range of long-term savings and investment products.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It is negative, as 92 investors sold Wells Fargo & Company shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Cohen Lawrence B has invested 0.89% in Wells Fargo & Company (NYSE:WFC). Mercer Advisers Inc owns 1,536 shares or 0.06% of their US portfolio. 3.12 million are held by Teacher Retirement Of Texas. Connors Investor Incorporated owns 272,468 shares for 2.27% of their portfolio. Vaughan David Inc Il accumulated 18,376 shares. Guggenheim Ltd Liability holds 1.57M shares. Crestwood Advsr Grp Inc Limited Liability Co accumulated 1.88% or 398,343 shares. Cibc Fincl Bank Usa has 30,464 shares for 0.22% of their portfolio. Gamco Et Al accumulated 3.10M shares or 1.06% of the stock. Atlas Browninc holds 0.13% or 11,124 shares in its portfolio. Peddock Capital Ltd Liability Corp holds 4,105 shares or 0.12% of its portfolio. Walter And Keenan Consulting Com Mi Adv reported 46,379 shares. Amg Funds Limited Co reported 0.93% in Wells Fargo & Company (NYSE:WFC). Strategic Wealth Group Limited Liability Corp has invested 0.16% in Wells Fargo & Company (NYSE:WFC). 15,217 were accumulated by First Dallas Securities.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $317.27 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 15.71 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 118 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, November 13 by RBC Capital Markets. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. The firm has “Outperform” rating given on Tuesday, September 27 by FBR Capital. The firm earned “Buy” rating on Tuesday, January 9 by Sandler O’Neill. The rating was maintained by BMO Capital Markets on Friday, October 6 with “Hold”. Citigroup maintained Wells Fargo & Company (NYSE:WFC) on Monday, October 9 with “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, June 22 report. The company was maintained on Thursday, September 28 by Keefe Bruyette & Woods. The stock of Wells Fargo & Company (NYSE:WFC) earned “Outperform” rating by Bernstein on Wednesday, January 3. The firm has “Sell” rating by UBS given on Thursday, March 24.

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