Goldman Sachs Group set a GBX 47 ($0.61) price objective on Lloyds Banking Group (LON:LLOY) in a report issued on Thursday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Barclays reaffirmed an overweight rating on shares of Lloyds Banking Group in a research note on Monday. UBS Group reaffirmed a buy rating and issued a GBX 65 ($0.85) price target (down previously from GBX 70 ($0.91)) on shares of Lloyds Banking Group in a research note on Friday, September 13th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 60 ($0.78) price target on shares of Lloyds Banking Group in a research note on Friday, October 11th. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group in a research note on Monday, September 9th. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a GBX 88 ($1.15) price target on shares of Lloyds Banking Group in a research note on Monday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 63.53 ($0.83).

Shares of Lloyds Banking Group stock traded down GBX 0.77 ($0.01) during trading hours on Thursday, hitting GBX 60.19 ($0.79). The company’s stock had a trading volume of 237,174,375 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a twelve month low of GBX 48.16 ($0.63) and a twelve month high of GBX 66.79 ($0.87). The firm has a fifty day moving average of GBX 53.35 and a 200-day moving average of GBX 57.14. The stock has a market cap of $42.15 billion and a price-to-earnings ratio of 11.36.

In other Lloyds Banking Group news, insider William Chalmers sold 384,733 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of GBX 53 ($0.69), for a total value of £203,908.49 ($266,442.56). Also, insider Antonio Horta-Osorio sold 182,112 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 55 ($0.72), for a total value of £100,161.60 ($130,878.87). In the last three months, insiders have sold 660,775 shares of company stock worth $35,385,299.

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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