Lloyds Banking Group (LON:LLOY) had its price target upped by equities researchers at Goldman Sachs Group from GBX 66 ($0.86) to GBX 67 ($0.88) in a research note issued on Thursday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 14.49% from the company’s previous close.
A number of other equities analysts also recently issued reports on LLOY. Bank of America reiterated an “underperform” rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a research note on Tuesday. Societe Generale reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, April 9th. Jefferies Financial Group reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, April 9th. Deutsche Bank set a GBX 74 ($0.97) price target on Lloyds Banking Group and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, Macquarie reiterated a “neutral” rating and set a GBX 64 ($0.84) price target on shares of Lloyds Banking Group in a research note on Thursday, February 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Lloyds Banking Group currently has a consensus rating of “Buy” and an average target price of GBX 71.88 ($0.94).
LLOY stock opened at GBX 58.52 ($0.76) on Thursday. The stock has a market cap of $41.41 billion and a price-to-earnings ratio of 10.64. Lloyds Banking Group has a 52-week low of GBX 49.52 ($0.65) and a 52-week high of GBX 67.46 ($0.88).
In related news, insider Antonio Horta-Osorio sold 300,002 shares of Lloyds Banking Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 63 ($0.82), for a total value of £189,001.26 ($246,963.62). Also, insider George Culmer purchased 102,305 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average cost of GBX 65 ($0.85) per share, for a total transaction of £66,498.25 ($86,891.74).
Lloyds Banking Group Company Profile
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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