Goldman Sachs Group, Inc. (The) Reiterates “Sell” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating reiterated by equities researchers at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 58 ($0.74) price objective on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential downside of 13.02% from the stock’s current price.
Several other equities analysts also recently commented on the stock. Macquarie restated an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, March 21st. J P Morgan Chase & Co upped their price target on shares of Lloyds Banking Group PLC from GBX 80 ($1.02) to GBX 83 ($1.06) and gave the company an “overweight” rating in a research note on Friday, April 28th. Berenberg Bank downgraded shares of Lloyds Banking Group PLC to a “sell” rating and set a GBX 55 ($0.70) price target on the stock. in a research note on Monday, March 27th. Shore Capital restated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, February 22nd. Finally, HSBC Holdings plc upped their price target on shares of Lloyds Banking Group PLC from GBX 75 ($0.96) to GBX 76 ($0.97) and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 72.69 ($0.93).
Lloyds Banking Group PLC (LLOY) opened at 66.68 on Thursday. The company’s market capitalization is GBX 52.80 billion. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 73.58. The stock’s 50 day moving average is GBX 69.93 and its 200-day moving average is GBX 66.75.
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In other news, insider Antonio Horta-Osorio bought 50,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of GBX 72 ($0.92) per share, with a total value of £36,000 ($45,865.72). Insiders have acquired a total of 55,715 shares of company stock valued at $3,964,117 in the last three months.
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.
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