Ratings Don’t Lie: Analysts at Goldman Sachs Kept their Sell rating for Lloyds Banking Group PLC (LON:LLOY). The Target Price is Set to GBX 52.00

November 25, 2016 - By Richard Conner

Lloyds Banking Group PLC (LON:LLOY) Rating

They currently have a GBX 52.00 target on Lloyds Banking Group PLC (LON:LLOY). Goldman Sachs’s target would suggest a potential downside of -13.30% from the company’s last close price. This was revealed to clients and investors in analysts report on Friday morning.

Lloyds Banking Group PLC (LON:LLOY) Ratings Coverage

Out of 28 analysts covering Lloyds Banking Group PLC (LON:LLOY), 17 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 61% are positive. GBX 108 is the highest target while GBX 48 is the lowest. The GBX 71.85 average target is 21.53% above today’s (GBX 59.12) stock price. Lloyds Banking Group PLC has been the topic of 239 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, December 3 by AlphaValue. JP Morgan maintained the shares of LLOY in a report on Tuesday, September 8 with “Overweight” rating. The firm earned “Overweight” rating on Thursday, February 11 by J.P. Morgan. Bernstein downgraded the stock to “Underperform” rating in Monday, November 30 report. On Monday, May 9 the stock rating was maintained by BNP Paribas with “Underperform”. The stock of Lloyds Banking Group PLC (LON:LLOY) earned “Buy” rating by Deutsche Bank on Monday, December 7. The rating was maintained by BNP Paribas with “Underperform” on Tuesday, October 4. The firm has “Buy” rating given on Friday, November 20 by Deutsche Bank. BNP Paribas maintained Lloyds Banking Group PLC (LON:LLOY) on Wednesday, July 20 with “Underperform” rating. Deutsche Bank maintained Lloyds Banking Group PLC (LON:LLOY) on Thursday, January 21 with “Buy” rating.

About 19.97M shares traded hands. Lloyds Banking Group PLC (LON:LLOY) has declined 13.82% since April 27, 2016 and is downtrending. It has underperformed by 19.23% the S&P500.

LLOYDS BANKING GROUP plc provides financial services to individual and business clients in the United Kingdom but also overseas. The company has a market cap of 42.20 billion GBP. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It has a 45.1 P/E ratio. It operates through its divisions, including Retail, Commercial Banking, Consumer Finance and Insurance.

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