Lloyds Banking Group (LLOY) PT Set at GBX 53 by Goldman Sachs Group

Lloyds Banking Group (LON:LLOY) received a GBX 53 ($0.73) price target from analysts at Goldman Sachs Group in a research report issued on Wednesday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group’s price objective would indicate a potential downside of 23.26% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Morgan Stanley increased their price objective on Lloyds Banking Group from GBX 75 ($1.04) to GBX 78 ($1.08) and gave the company an “equal weight” rating in a report on Wednesday. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday. JPMorgan Chase & Co. set a GBX 85 ($1.17) price objective on Lloyds Banking Group and gave the company a “buy” rating in a report on Thursday, February 15th. UBS Group set a GBX 85 ($1.17) price objective on Lloyds Banking Group and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Citigroup reissued a “sell” rating on shares of Lloyds Banking Group in a report on Monday, February 12th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 76.23 ($1.05).

Lloyds Banking Group (LON LLOY) opened at GBX 69.06 ($0.95) on Wednesday. The firm has a market capitalization of $49,650.00 and a PE ratio of 1,726.50. 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 related news, insider Antonio Horta-Osorio bought 4,747 shares of the stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of GBX 67 ($0.93) per share, for a total transaction of £3,180.49 ($4,394.16). Insiders bought 5,378 shares of company stock worth $360,732 in the last 90 days.

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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.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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