Lloyds Banking Group PLC (LON:LLOY) had its target price lifted by research analysts at Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 52 ($0.65) in a note issued to investors on Friday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s target price would indicate a potential downside of 12.87% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG downgraded Lloyds Banking Group PLC to a “hold” rating and reduced their target price for the company from GBX 60 ($0.75) to GBX 59 ($0.74) in a report on Monday, September 5th. Macquarie reissued an “outperform” rating and set a GBX 65 ($0.81) price objective on shares of Lloyds Banking Group PLC in a report on Thursday, November 17th. BNP Paribas reissued an “underperform” rating and set a GBX 57 ($0.71) price objective on shares of Lloyds Banking Group PLC in a report on Friday, November 18th. Morgan Stanley set a GBX 70 ($0.87) price objective on Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Investec raised Lloyds Banking Group PLC to a “buy” rating and set a GBX 86 ($1.07) price objective on the stock in a report on Thursday, August 25th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and an average target price of GBX 65.63 ($0.82).
Lloyds Banking Group PLC (LON:LLOY) traded down 1.47% during midday trading on Friday, reaching GBX 58.80. The company had a trading volume of 53,749,799 shares. The stock has a 50-day moving average price of GBX 56.46 and a 200 day moving average price of GBX 58.83. The company’s market capitalization is GBX 35.76 billion. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 75.56.
In other news, insider Horta-Osorio,Antonio purchased 3,330 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average price of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,371.44). Also, insider Antonio Horta-Osorio purchased 3,069 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was purchased at an average cost of GBX 62 ($0.77) per share, for a total transaction of £1,902.78 ($2,377.29).