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Lloyds Banking Group PLC 14.4% Potential Decrease Indicated by Goldman Sachs

Lloyds Banking Group PLC using EPIC/TICKER code (LON:LLOY) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ this morning by analysts at Goldman Sachs. Lloyds Banking Group PLC are listed in the Financials sector within UK Main Market. Goldman Sachs have set their target price at 51 GBX on its stock. This would imply the analyst believes there is a potential downside of -14.4% from the opening price of 59.61 GBX. Over the last 30 and 90 trading days the company share price has decreased 1.21 points and increased 11.03 points respectively. The 1 year high for the stock price is 66.79 GBX while the 52 week low is 48.16 GBX.

Lloyds Banking Group PLC has a 50 day moving average of 56.43 GBX and a 200 day moving average of 58.40. There are currently 70,036,069,794 shares in issue with the average daily volume traded being 206,006,240. Market capitalisation for LON:LLOY is £41,706,473,195 GBP.