Lloyds Banking Group (LLOY) PT Set at GBX 56 by Goldman Sachs Group

Lloyds Banking Group (LON:LLOY) received a GBX 56 ($0.73) target price from stock analysts at Goldman Sachs Group in a research report issued on Friday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group’s price target points to a potential downside of 2.10% from the stock’s previous close.

A number of other brokerages have also commented on LLOY. Royal Bank of Canada set a GBX 90 ($1.18) price target on shares of Lloyds Banking Group and gave the company a “buy” rating in a research note on Thursday, October 25th. Barclays reiterated an “overweight” rating and issued a GBX 90 ($1.18) price target on shares of Lloyds Banking Group in a research note on Monday, November 19th. HSBC decreased their price target on shares of Lloyds Banking Group from GBX 72 ($0.94) to GBX 68 ($0.89) and set a “hold” rating on the stock in a research note on Friday, August 17th. Jefferies Financial Group upped their price target on shares of Lloyds Banking Group from GBX 91 ($1.19) to GBX 99 ($1.29) and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group in a research note on Wednesday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 77.29 ($1.01).

Shares of LLOY opened at GBX 57.20 ($0.75) on Friday. Lloyds Banking Group has a 52 week low of GBX 61.81 ($0.81) and a 52 week high of GBX 73.58 ($0.96).

In other Lloyds Banking Group news, insider Juan Colombás sold 225,567 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of GBX 60 ($0.78), for a total transaction of £135,340.20 ($176,845.94). Also, insider Simon Henry bought 50,000 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were acquired at an average price of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,933.62). In the last 90 days, insiders have acquired 50,465 shares of company stock worth $2,777,645.

Lloyds Banking Group Company Profile

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.

Further Reading: What do investors mean by earnings per share?

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply