Lloyds Banking Group (LLOY) Given Sell Rating at Goldman Sachs Group
Goldman Sachs Group restated their sell rating on shares of Lloyds Banking Group (LON:LLOY) in a research note issued to investors on Tuesday. They currently have a GBX 53 ($0.71) price target on the financial services provider’s stock.
A number of other research analysts also recently issued reports on LLOY. J P Morgan Chase & Co set a GBX 83 ($1.12) price objective on shares of Lloyds Banking Group and gave the company a buy rating in a research report on Thursday, August 10th. Deutsche Bank set a GBX 79 ($1.06) price objective on shares of Lloyds Banking Group and gave the company a buy rating in a research report on Monday, August 14th. UBS set a GBX 85 ($1.14) price objective on shares of Lloyds Banking Group and gave the company a buy rating in a research report on Friday, August 18th. Royal Bank Of Canada reissued an outperform rating and set a GBX 90 ($1.21) price objective on shares of Lloyds Banking Group in a research report on Monday, September 4th. Finally, Societe Generale reissued a buy rating on shares of Lloyds Banking Group in a research report on Monday, September 11th. Four analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 75.88 ($1.02).
Lloyds Banking Group (LON LLOY) opened at GBX 67.18 ($0.90) on Tuesday. Lloyds Banking Group has a one year low of GBX 60.84 ($0.82) and a one year high of GBX 73.58 ($0.99).
In related news, insider George Culmer bought 101,589 shares of the stock in a transaction on Monday, September 18th. The shares were acquired at an average price of GBX 66 ($0.89) per share, for a total transaction of £67,048.74 ($90,240.57). Also, insider Antonio Horta-Osorio bought 4,837 shares of the stock in a transaction on Wednesday, October 18th. The shares were bought at an average price of GBX 66 ($0.89) per share, for a total transaction of £3,192.42 ($4,296.66). Insiders have acquired a total of 111,907 shares of company stock worth $7,385,802 in the last 90 days.
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Lloyds Banking Group Company Profile
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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