Goldman Sachs Group Lowers Lloyds Banking Group (LON:LLOY) Price Target to GBX 61

Lloyds Banking Group (LON:LLOY) had its price objective lowered by Goldman Sachs Group from GBX 67 ($0.88) to GBX 61 ($0.80) in a report published on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.

LLOY has been the subject of a number of other research reports. JPMorgan Chase & Co. set a GBX 70 ($0.91) price target on Lloyds Banking Group and gave the stock a neutral rating in a research note on Wednesday, July 31st. Jefferies Financial Group reiterated a buy rating and issued a GBX 99 ($1.29) price target on shares of Lloyds Banking Group in a research note on Wednesday, July 31st. HSBC set a GBX 58 ($0.76) price target on Lloyds Banking Group and gave the stock a neutral rating in a research note on Tuesday, July 9th. UBS Group reiterated a buy rating and issued a GBX 70 ($0.91) price target (down previously from GBX 75 ($0.98)) on shares of Lloyds Banking Group in a research note on Monday, July 29th. Finally, Barclays reiterated an overweight rating on shares of Lloyds Banking Group in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 68.06 ($0.89).

Shares of LLOY stock opened at GBX 49.65 ($0.65) on Wednesday. Lloyds Banking Group has a 52-week low of GBX 48.16 ($0.63) and a 52-week high of GBX 66.79 ($0.87). The firm has a market capitalization of $34.91 billion and a PE ratio of 9.37. The stock has a fifty day simple moving average of GBX 54.81 and a two-hundred day simple moving average of GBX 59.32.



The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 8th will be given a dividend of GBX 1.12 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 2.03%. Lloyds Banking Group’s payout ratio is 0.57%.

In other news, insider William Chalmers sold 384,733 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of GBX 53 ($0.69), for a total transaction of £203,908.49 ($266,442.56). Also, insider Antonio Horta-Osorio sold 374,554 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of GBX 57 ($0.74), for a total value of £213,495.78 ($278,970.05). In the last 90 days, insiders have sold 842,868 shares of company stock valued at $46,588,125.

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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