Trade Report: Today, Lloyds Banking Group PLC (LLOY) Given New GBX 52 Price Target at Goldman Sachs Group Inc.

Today, Lloyds Banking Group PLC (LLOY) Given New GBX 52 Price Target at Goldman Sachs Group Inc.

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).

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