Lloyds Banking Group (LLOY) Receives Sell Rating from Goldman Sachs Group

Goldman Sachs Group restated their sell rating on shares of Lloyds Banking Group (LON:LLOY) in a report issued on Tuesday. They currently have a GBX 53 ($0.71) target price on the financial services provider’s stock.

Several other research firms have also issued reports on LLOY. Societe Generale restated a buy rating on shares of Lloyds Banking Group in a research report on Monday, September 11th. Citigroup restated a sell rating on shares of Lloyds Banking Group in a research report on Wednesday, November 29th. Berenberg Bank restated a sell rating and issued a GBX 55 ($0.74) price target on shares of Lloyds Banking Group in a research report on Wednesday, November 29th. Shore Capital restated a buy rating on shares of Lloyds Banking Group in a research report on Wednesday, October 25th. Finally, Deutsche Bank restated a buy rating and issued a GBX 73 ($0.98) price target on shares of Lloyds Banking Group in a research report on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 75.88 ($1.02).

Lloyds Banking Group (LON:LLOY) traded down GBX 0.29 ($0.00) during trading on Tuesday, reaching GBX 64.86 ($0.87). 40,391,826 shares of the company’s stock traded hands, compared to its average volume of 140,000,000. Lloyds Banking Group has a 12-month low of GBX 56.93 ($0.77) and a 12-month high of GBX 73.58 ($0.99).

In other Lloyds Banking Group news, insider George Culmer acquired 101,589 shares of Lloyds Banking Group stock in a transaction that occurred on Monday, September 18th. The stock was acquired at an average price of GBX 66 ($0.89) per share, with a total value of £67,048.74 ($90,240.57). Also, insider Antonio Horta-Osorio acquired 4,833 shares of Lloyds Banking Group stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average cost of GBX 66 ($0.89) per share, with a total value of £3,189.78 ($4,293.11). In the last ninety days, insiders purchased 111,907 shares of company stock valued at $7,385,802.

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About Lloyds Banking Group

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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