Lloyds Banking Group PLC (LLOY) PT Raised to GBX 52 at Goldman Sachs Group Inc.
Lloyds Banking Group PLC (LON:LLOY) had its price target increased by Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 52 ($0.65) in a note issued to investors on Friday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s target price would suggest a potential downside of 11.01% from the stock’s current price.
LLOY has been the topic of a number of other research reports. Davy Research reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research report on Tuesday, October 25th. Deutsche Bank AG dropped their target price on Lloyds Banking Group PLC from GBX 59 ($0.73) to GBX 57 ($0.71) and set a “hold” rating on the stock in a research report on Friday, October 21st. Jefferies Group reiterated a “buy” rating and issued a GBX 67 ($0.83) target price on shares of Lloyds Banking Group PLC in a research report on Tuesday, October 11th. Morgan Stanley set a GBX 70 ($0.87) target price on Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Barclays PLC dropped their target price on Lloyds Banking Group PLC from GBX 65 ($0.81) to GBX 55 ($0.68) and set an “equal weight” rating on the stock in a research report on Thursday, October 27th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 65.61 ($0.81).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 57.86 on Friday. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 75.56. The company’s market cap is GBX 35.18 billion. The company has a 50-day moving average of GBX 56.76 and a 200 day moving average of GBX 58.69.
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In related news, insider Horta-Osorio,Antonio bought 3,330 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average price of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,354.67). Also, insider Antonio Horta-Osorio bought 3,069 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was bought at an average cost of GBX 62 ($0.77) per share, for a total transaction of £1,902.78 ($2,360.48).
About Lloyds Banking Group PLC
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.
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