Today: Lloyds Banking Group PLC (LLOY) Price Target Increased to GBX 52 by Analysts at Goldman Sachs Group Inc.

Today: Lloyds Banking Group PLC (LLOY) Price Target Increased to GBX 52 by Analysts at Goldman Sachs Group Inc.

Lloyds Banking Group PLC (LON:LLOY) had its price target raised by Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 52 ($0.65) in a research note issued to investors on Friday. The brokerage currently has a sell rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Beaufort Securities reissued a buy rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, August 2nd. Shore Capital reissued a buy rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 28th. Morgan Stanley set a GBX 70 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a report on Friday, July 29th. Deutsche Bank AG reduced their price target on shares of Lloyds Banking Group PLC from GBX 63 ($0.79) to GBX 60 ($0.75) and set a buy rating for the company in a report on Friday, July 29th. Finally, RBC Capital Markets set a GBX 70 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a report on Monday, August 15th. 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. The stock presently has a consensus rating of Hold and an average price target of GBX 65.63 ($0.82).

Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 58.00 on Friday. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 75.56. The stock has a 50 day moving average of GBX 56.57 and a 200-day moving average of GBX 58.82. The company’s market capitalization is GBX 35.27 billion.

In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio acquired 3,069 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of GBX 62 ($0.77) per share, with a total value of £1,902.78 ($2,377.29). Also, insider Horta-Osorio,Antonio acquired 3,330 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was acquired at an average cost of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,371.44).

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