Lloyds Banking Group’s (LLOY) “Sell” Rating Reiterated at Goldman Sachs Group
Lloyds Banking Group (LON:LLOY)‘s stock had its “sell” rating reaffirmed by equities researchers at Goldman Sachs Group in a research note issued to investors on Tuesday. They presently have a GBX 53 ($0.71) price target on the financial services provider’s stock. Goldman Sachs Group’s target price points to a potential downside of 21.11% from the stock’s previous close.
Several other research analysts also recently weighed in on LLOY. Berenberg Bank reissued a “sell” rating and issued a GBX 55 ($0.74) target price on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. HSBC reissued a “buy” rating and issued a GBX 76 ($1.02) target price on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. Citigroup reissued a “sell” rating on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. UBS set a GBX 85 ($1.14) target price on shares of Lloyds Banking Group and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, Deutsche Bank set a GBX 79 ($1.06) target price on shares of Lloyds Banking Group and gave the company a “buy” rating in a research note on Monday, August 14th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 75.88 ($1.02).
Lloyds Banking Group (LON:LLOY) traded up GBX 2.67 ($0.04) during trading on Tuesday, hitting GBX 67.18 ($0.90). 316,875,269 shares of the company traded hands, compared to its average volume of 127,680,000. Lloyds Banking Group has a 1-year low of GBX 60.84 ($0.82) and a 1-year high of GBX 73.58 ($0.99).
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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.
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