Lloyds Banking Group (LLOY) Price Target Increased to GBX 67 by Analysts at Goldman Sachs Group

Lloyds Banking Group (LON:LLOY) had its price target hoisted by Goldman Sachs Group from GBX 66 ($0.86) to GBX 67 ($0.88) in a research report sent to investors on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.

A number of other research firms have also weighed in on LLOY. Bank of America lowered Lloyds Banking Group to an underperform rating in a report on Thursday, April 18th. Credit Suisse Group set a GBX 83 ($1.08) target price on Lloyds Banking Group and gave the stock a buy rating in a report on Tuesday, March 19th. Shore Capital restated a buy rating on shares of Lloyds Banking Group in a report on Wednesday, May 1st. UBS Group restated a buy rating and set a GBX 80 ($1.05) target price on shares of Lloyds Banking Group in a report on Thursday, May 2nd. Finally, Jefferies Financial Group reaffirmed a buy rating on shares of Lloyds Banking Group in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Lloyds Banking Group has a consensus rating of Buy and a consensus target price of GBX 71.88 ($0.94).

Lloyds Banking Group stock opened at GBX 58.52 ($0.76) on Thursday. The firm has a market cap of $41.41 billion and a price-to-earnings ratio of 10.64. Lloyds Banking Group has a twelve month low of GBX 49.52 ($0.65) and a twelve month high of GBX 67.46 ($0.88).

In related news, insider Antonio Horta-Osorio sold 300,002 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of GBX 63 ($0.82), for a total value of £189,001.26 ($246,963.62). Also, insider Stuart Sinclair bought 362,664 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of GBX 61 ($0.80) per share, for a total transaction of £221,225.04 ($289,069.70).

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. It 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, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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