Latest Stocks: Lloyds Banking Group PLC (LLOY) Given Sell Rating at Goldman Sachs Group Inc

Latest Stocks: Lloyds Banking Group PLC (LLOY) Given Sell Rating at Goldman Sachs Group Inc

Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “sell” rating reaffirmed by analysts at Goldman Sachs Group Inc in a note issued to investors on Tuesday. They currently have a GBX 58 ($0.75) price objective on the financial services provider’s stock. Goldman Sachs Group Inc’s price objective indicates a potential downside of 16.41% from the company’s previous close.

Several other research firms have also recently commented on LLOY. Deutsche Bank AG set a GBX 79 ($1.02) price target on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Tuesday, May 30th. Macquarie set a GBX 67 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the company a “neutral” rating in a research note on Saturday, May 20th. Barclays PLC reissued an “overweight” rating and set a GBX 77 ($0.99) price target on shares of Lloyds Banking Group PLC in a research note on Friday, May 19th. JPMorgan Chase & Co. set a GBX 83 ($1.07) price target on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Thursday, June 1st. Finally, Beaufort Securities reissued a “buy” rating and set a GBX 80 ($1.03) price target on shares of Lloyds Banking Group PLC in a research note on Thursday, February 23rd. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Lloyds Banking Group PLC has an average rating of “Hold” and a consensus price target of GBX 71.66 ($0.93).

Lloyds Banking Group PLC (LLOY) opened at 69.16 on Tuesday. The stock’s market capitalization is GBX 54.76 billion. The firm has a 50-day moving average price of GBX 69.10 and a 200 day moving average price of GBX 65.90. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 73.58.

In related news, insider Antonio Horta-Osorio acquired 5,107 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The shares were acquired at an average cost of GBX 63 ($0.81) per share, for a total transaction of £3,217.41 ($4,157.40). Over the last 90 days, insiders have purchased 55,686 shares of company stock worth $3,961,692. About Lloyds Banking Group PLC

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