Lloyds Banking Group (LON:LLOY) Given a GBX 67 Price Target by Goldman Sachs Group Analysts

Lloyds Banking Group (LON:LLOY) has been given a GBX 67 ($0.88) price target by equities research analysts at Goldman Sachs Group in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 17.98% from the stock’s current price.

Several other analysts have also commented on LLOY. HSBC set a €6.90 ($8.02) price objective on Deutsche Bank and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Shore Capital reaffirmed a “house stock” rating on shares of WM Morrison Supermarkets in a report on Wednesday, May 1st. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on Brenntag and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley lifted their price objective on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an “equal weight” rating in a report on Tuesday, June 11th. Finally, Bank of America reaffirmed an “underperform” rating and issued a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 70.06 ($0.92).

LLOY stock opened at GBX 56.79 ($0.74) on Friday. Lloyds Banking Group has a 1-year low of GBX 49.52 ($0.65) and a 1-year high of GBX 66.79 ($0.87). The stock has a market capitalization of $40.11 billion and a PE ratio of 10.33. The business has a fifty day simple moving average of GBX 57.64.

In other Lloyds Banking Group news, insider George Culmer sold 83,581 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of GBX 58 ($0.76), for a total transaction of £48,476.98 ($63,343.76). Also, insider Stuart Sinclair purchased 362,664 shares of the business’s stock in a transaction on Friday, May 17th. The shares were bought at an average cost of GBX 61 ($0.80) per share, with a total value of £221,225.04 ($289,069.70).

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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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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