Lloyds Banking Group PLC (LON:LLOY) had its price objective boosted by equities research analysts at Goldman Sachs Group Inc. from GBX 50 ($0.62) to GBX 52 ($0.65) in a report released on Friday. The firm currently has a “sell” rating on the financial services provider’s stock. Goldman Sachs Group Inc.’s price target would indicate a potential downside of 11.01% from the stock’s current price.
A number of other equities analysts have also commented on LLOY. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 65 ($0.81) price objective on shares of Lloyds Banking Group PLC in a research note on Monday, August 1st. Natixis reissued a “neutral” rating and set a GBX 56 ($0.69) target price on shares of Lloyds Banking Group PLC in a research report on Thursday, October 27th. Barclays PLC decreased their target price on Lloyds Banking Group PLC from GBX 65 ($0.81) to GBX 55 ($0.68) and set an “equal weight” rating on the stock in a research report on Thursday, October 27th. Macquarie reissued an “outperform” rating and set a GBX 65 ($0.81) target price on shares of Lloyds Banking Group PLC in a research report on Thursday, November 17th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, September 15th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Lloyds Banking Group PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 65.61 ($0.81).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 57.86 on Friday. The company has a 50-day moving average price of GBX 56.76 and a 200 day moving average price of GBX 58.69. The firm’s market capitalization is GBX 35.18 billion. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 75.56.
In related news, insider Horta-Osorio,Antonio purchased 3,330 shares of the stock in a transaction on Friday, September 16th. The shares were purchased at an average cost of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,354.67). Also, insider Antonio Horta-Osorio purchased 3,069 shares of the stock in a transaction on Wednesday, November 16th. The stock was bought at an average cost of GBX 62 ($0.77) per share, for a total transaction of £1,902.78 ($2,360.48).