Lloyds Banking Group PLC (LON:LLOY) has been given a GBX 58 ($0.75) target price by investment analysts at Goldman Sachs Group, Inc. (The) in a report issued on Wednesday. The firm currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential downside of 10.55% from the company’s previous close.

A number of other brokerages have also recently issued reports on LLOY. Deutsche Bank AG set a GBX 79 ($1.02) price objective on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Tuesday, May 30th. Macquarie set a GBX 67 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the stock a “neutral” rating in a research report on Saturday, May 20th. Barclays PLC reissued an “overweight” rating and set a GBX 77 ($0.99) price target on shares of Lloyds Banking Group PLC in a research report on Friday, May 19th. J P Morgan Chase & Co set a GBX 83 ($1.07) price target on shares of Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Thursday, June 1st. Finally, HSBC Holdings plc reissued a “buy” rating and set a GBX 76 ($0.98) price target on shares of Lloyds Banking Group PLC in a research report on Thursday, June 8th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. Lloyds Banking Group PLC currently has an average rating of “Buy” and an average target price of GBX 75.26 ($0.97).

Shares of Lloyds Banking Group PLC (LLOY) opened at 64.84 on Wednesday. The firm has a 50-day moving average price of GBX 65.23 and a 200-day moving average price of GBX 67.20. The firm’s market capitalization is GBX 41.28 billion. Lloyds Banking Group PLC has a 52-week low of GBX 50.84 and a 52-week high of GBX 73.58.

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In other news, insider Antonio Horta-Osorio purchased 4,873 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of GBX 66 ($0.85) per share, with a total value of £3,216.18 ($4,153.66). In the last ninety days, insiders have bought 10,266 shares of company stock valued at $682,241.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group PLC (LON:LLOY)

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