Goldman Sachs Group, Inc. (The) Reiterates “GBX 58” Price Target for Lloyds Banking Group PLC (LLOY)

Goldman Sachs Group, Inc. (The) set a GBX 58 ($0.75) target price on Lloyds Banking Group PLC (LON:LLOY) in a report issued on Wednesday. The brokerage currently has a sell rating on the financial services provider’s stock.

Several other research analysts have also commented on LLOY. Investec reaffirmed a buy rating and issued a GBX 75 ($0.97) price target on shares of Lloyds Banking Group PLC in a report on Tuesday, May 16th. Barclays PLC reaffirmed an overweight rating and issued a GBX 77 ($0.99) price target on shares of Lloyds Banking Group PLC in a report on Friday, May 19th. Macquarie set a GBX 67 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the company a neutral rating in a report on Saturday, May 20th. Deutsche Bank AG set a GBX 79 ($1.02) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Tuesday, May 30th. Finally, J P Morgan Chase & Co set a GBX 83 ($1.07) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 75.26 ($0.97).

Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 65.32 on Wednesday. The company has a 50-day moving average of GBX 64.98 and a 200-day moving average of GBX 67.15. The stock’s market capitalization is GBX 41.59 billion. Lloyds Banking Group PLC has a 12 month low of GBX 50.84 and a 12 month high of GBX 73.58.

COPYRIGHT VIOLATION NOTICE: This news story was published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/09/16/goldman-sachs-group-inc-the-reiterates-gbx-58-price-target-for-lloyds-banking-group-plc-lloy.html.

The company also recently disclosed a dividend, which will be paid on Wednesday, September 27th. Investors of record on Thursday, August 10th will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.45%.

In other news, insider Antonio Horta-Osorio acquired 4,784 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were purchased at an average cost of GBX 67 ($0.87) per share, for a total transaction of £3,205.28 ($4,139.58). Over the last quarter, insiders purchased 10,266 shares of company stock worth $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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply