Lloyds Banking Group (LLOY) Stock Rating Reaffirmed by Goldman Sachs Group

Lloyds Banking Group (LON:LLOY)‘s stock had its “sell” rating reiterated by equities research analysts at Goldman Sachs Group in a report released on Tuesday. They currently have a GBX 53 ($0.71) target price on the financial services provider’s stock. Goldman Sachs Group’s target price indicates a potential downside of 18.20% from the company’s current price.

A number of other brokerages also recently weighed in on LLOY. HSBC reissued a “buy” rating and issued a GBX 76 ($1.02) price target on shares of Lloyds Banking Group in a report on Wednesday, November 29th. J P Morgan Chase & Co set a GBX 85 ($1.14) price target on shares of Lloyds Banking Group and gave the company a “buy” rating in a report on Wednesday, November 29th. Citigroup restated a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Berenberg Bank restated a “sell” rating and set a GBX 55 ($0.74) price objective on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Finally, Investec restated a “buy” rating and set a GBX 75 ($1.01) price objective on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 75.88 ($1.02).

Shares of Lloyds Banking Group (LON LLOY) opened at GBX 64.79 ($0.87) on Tuesday. Lloyds Banking Group has a 12-month low of GBX 58.27 ($0.78) and a 12-month high of GBX 73.58 ($0.99).

In other news, insider Antonio Horta-Osorio acquired 4,837 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were purchased at an average price of GBX 66 ($0.89) per share, for a total transaction of £3,192.42 ($4,296.66). Also, insider George Culmer acquired 101,589 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average price of GBX 66 ($0.89) per share, for a total transaction of £67,048.74 ($90,240.57). Insiders bought a total of 111,907 shares of company stock worth $7,385,802 in the last quarter.

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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.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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