Lloyds Banking Group (LON:LLOY) had its price objective decreased by research analysts at HSBC from GBX 72 ($0.96) to GBX 70 ($0.93) in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the financial services provider’s stock. HSBC’s price target indicates a potential upside of 13.77% from the company’s previous close.
A number of other analysts also recently commented on the stock. Goldman Sachs Group set a GBX 58 ($0.77) price objective on shares of Lloyds Banking Group and gave the company a “sell” rating in a report on Monday, June 11th. Credit Suisse Group set a GBX 85 ($1.13) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Wednesday, May 30th. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Friday, May 18th. JPMorgan Chase & Co. set a GBX 85 ($1.13) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Thursday, May 17th. Finally, UBS Group set a GBX 87 ($1.16) price objective on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Thursday, April 26th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 75.38 ($1.00).
LLOY stock opened at GBX 61.53 ($0.82) on Wednesday. Lloyds Banking Group has a 12 month low of GBX 61.81 ($0.82) and a 12 month high of GBX 73.58 ($0.98).
In other news, insider Antonio Horta-Osorio sold 221,307 shares of the stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of GBX 63 ($0.84), for a total value of £139,423.41 ($185,625.63).
About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.
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