Goldman Sachs Group Trims Lloyds Banking Group (LLOY) Target Price to GBX 55
Lloyds Banking Group (LON:LLOY) had its price target lowered by Goldman Sachs Group from GBX 56 ($0.73) to GBX 55 ($0.72) in a report issued on Wednesday morning. The firm currently has a sell rating on the financial services provider’s stock.
Several other equities research analysts also recently issued reports on the company. Societe Generale restated a buy rating on shares of Lloyds Banking Group in a report on Monday, September 10th. Barclays restated an overweight rating and issued a GBX 90 ($1.17) price target on shares of Lloyds Banking Group in a report on Thursday, September 6th. Citigroup restated a neutral rating on shares of Lloyds Banking Group in a report on Wednesday, September 5th. Berenberg Bank upgraded Lloyds Banking Group to a hold rating and set a GBX 60 ($0.78) price target for the company in a report on Tuesday, September 4th. Finally, UBS Group set a GBX 80 ($1.04) price objective on Lloyds Banking Group and gave the stock a buy rating in a report on Friday, August 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 75.43 ($0.98).
Shares of Lloyds Banking Group stock opened at GBX 58.88 ($0.77) on Wednesday. Lloyds Banking Group has a 1 year low of GBX 61.81 ($0.81) and a 1 year high of GBX 73.58 ($0.96).
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. The company 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, and unsecured consumer lending products to personal and small business customers.
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