Lloyds Banking Group PLC (LLOY) PT Set at GBX 56 by Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) set a GBX 56 ($0.74) price objective on Lloyds Banking Group PLC (LON:LLOY) in a research note issued to investors on Thursday morning. The firm currently has a sell rating on the financial services provider’s stock.

A number of other analysts also recently weighed in on the stock. Berenberg Bank reissued a sell rating and issued a GBX 55 ($0.73) price target on shares of Lloyds Banking Group PLC in a report on Thursday. Barclays PLC reissued an overweight rating on shares of Lloyds Banking Group PLC in a report on Thursday. Citigroup Inc. reissued a sell rating and issued a GBX 61 ($0.80) price target on shares of Lloyds Banking Group PLC in a report on Thursday. J P Morgan Chase & Co increased their price target on shares of Lloyds Banking Group PLC from GBX 83 ($1.10) to GBX 85 ($1.12) and gave the company an overweight rating in a report on Thursday. Finally, UBS AG set a GBX 85 ($1.12) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 76.03 ($1.00).

Shares of Lloyds Banking Group PLC (LON LLOY) opened at 68.42 on Thursday. The stock has a 50 day moving average of GBX 66.44 and a 200-day moving average of GBX 66.97. The firm’s market cap is GBX 43.56 billion. Lloyds Banking Group PLC has a 52 week low of GBX 54.05 and a 52 week high of GBX 73.58.

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In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio purchased 4,873 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of GBX 66 ($0.87) per share, for a total transaction of £3,216.18 ($4,244.10). Also, insider George Culmer purchased 101,589 shares of the stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of GBX 66 ($0.87) per share, with a total value of £67,048.74 ($88,478.15). In the last quarter, insiders have bought 111,908 shares of company stock valued at $7,385,829.

About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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