The stock of LLOYDS BANKING GROUP PLC ADR (EACH REPR 6.657% PREF SHS) REGS (LON:LLD5) hit a new 52-week high and has GBX 289.51 target or 165.00% above today’s GBX 109.25 share price. The 7 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 289.51 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock closed at GBX 109.25 during the last session. It is down 2.67% since May 7, 2015 and is downtrending. It has underperformed by 19.16% the S&P500.
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