Goldman Sachs Group set a GBX 53 ($0.73) target price on Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Wednesday morning. The firm currently has a sell rating on the financial services provider’s stock.
LLOY has been the subject of a number of other research reports. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group in a report on Wednesday, October 25th. Credit Suisse Group restated an outperform rating and issued a GBX 80 ($1.11) price objective on shares of Lloyds Banking Group in a report on Monday, November 27th. Citigroup restated a sell rating and issued a GBX 61 ($0.84) price objective on shares of Lloyds Banking Group in a report on Thursday, October 26th. Investec restated a buy rating and issued a GBX 75 ($1.04) price objective on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Finally, Deutsche Bank raised their price objective on Lloyds Banking Group from GBX 77 ($1.06) to GBX 83 ($1.15) and gave the company a buy rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Lloyds Banking Group currently has an average rating of Buy and a consensus price target of GBX 76.43 ($1.06).
Lloyds Banking Group (LON:LLOY) opened at GBX 68.65 ($0.95) on Wednesday. The stock has a market capitalization of $49,480.00 and a PE ratio of 1,716.25. Lloyds Banking Group has a 1-year low of GBX 61.81 ($0.85) and a 1-year high of GBX 73.58 ($1.02).
In other news, insider Antonio Horta-Osorio bought 4,747 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of GBX 67 ($0.93) per share, for a total transaction of £3,180.49 ($4,394.16). Insiders purchased a total of 5,378 shares of company stock valued at $360,732 over the last quarter.
Lloyds Banking Group 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.
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