The Goldman Sachs Group Inc. Analysts Give Lloyds Banking Group PLC (LLOY) a GBX 60 Price Target

The Goldman Sachs Group Inc. Analysts Give Lloyds Banking Group PLC (LLOY) a GBX 60 Price Target

Goldman Sachs Group Inc. set a GBX 60 ($0.72) target price on Lloyds Banking Group PLC (LON:LLOY) in a report released on Monday morning. The firm currently has a sell rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on LLOY. Deutsche Bank AG lifted their price target on shares of Lloyds Banking Group PLC from GBX 58 ($0.70) to GBX 58 ($0.70) and gave the stock a hold rating in a research note on Friday, January 13th. Macquarie reiterated an outperform rating and set a GBX 75 ($0.90) target price on shares of Lloyds Banking Group PLC in a research note on Friday, January 13th. BNP Paribas reiterated an underperform rating and set a GBX 57 ($0.69) target price on shares of Lloyds Banking Group PLC in a research note on Monday, January 9th. Barclays PLC upgraded shares of Lloyds Banking Group PLC to an overweight rating and boosted their target price for the company from GBX 55 ($0.66) to GBX 75 ($0.90) in a research note on Friday, January 6th. Finally, Beaufort Securities reiterated a buy rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, December 21st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. Lloyds Banking Group PLC currently has an average rating of Hold and an average target price of GBX 67.73 ($0.82).

Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 64.67 on Monday. The company has a 50 day moving average of GBX 63.06 and a 200 day moving average of GBX 57.77. The firm’s market cap is GBX 39.33 billion. Lloyds Banking Group PLC has a 52 week low of GBX 47.10 and a 52 week high of GBX 74.00.

In related news, insider Antonio Horta-Osorio bought 3,069 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was purchased at an average price of GBX 62 ($0.75) per share, with a total value of £1,902.78 ($2,295.55).

About Lloyds Banking Group PLC

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

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