Goldman Sachs Group Inc. Reiterates “Sell” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating reissued by Goldman Sachs Group Inc. in a research note issued on Monday. They presently have a GBX 50 ($0.62) target price on the financial services provider’s stock. Goldman Sachs Group Inc.’s price objective suggests a potential downside of 18.57% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Davy Research reaffirmed an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, October 25th. Deutsche Bank AG decreased their price objective on Lloyds Banking Group PLC from GBX 59 ($0.74) to GBX 57 ($0.71) and set a “hold” rating on the stock in a research note on Friday, October 21st. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 55 ($0.69) price objective on shares of Lloyds Banking Group PLC in a research note on Thursday, July 21st. Jefferies Group reaffirmed a “buy” rating and issued a GBX 67 ($0.84) price objective on shares of Lloyds Banking Group PLC in a research note on Tuesday, October 11th. Finally, Morgan Stanley set a GBX 70 ($0.87) price objective on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research note on Friday, July 29th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 65.34 ($0.82).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 61.40 on Monday. Lloyds Banking Group PLC has a 52 week low of GBX 47.10 and a 52 week high of GBX 75.56. The stock’s market cap is GBX 37.34 billion. The firm has a 50-day moving average price of GBX 55.54 and a 200 day moving average price of GBX 59.07.
In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio purchased 3,330 shares of Lloyds Banking Group PLC stock in a transaction that occurred on Friday, September 16th. The stock was bought at an average price of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,371.44).
Lloyds Banking Group PLC Company Profile
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.
Receive News & Stock Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related stocks with our FREE daily email newsletter.