Lloyds Banking Group PLC (LON:LLOY) has received an average rating of “Hold” from the twenty-nine ratings firms that are currently covering the company. Five equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 70.09 ($0.91).
LLOY has been the subject of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 63 ($0.82) price target (down from GBX 78 ($1.02)) on shares of Lloyds Banking Group PLC in a report on Sunday, June 26th. Goldman Sachs Group Inc. set a GBX 53 ($0.69) price target on Lloyds Banking Group PLC and gave the company a “neutral” rating in a report on Tuesday, August 9th. Societe Generale reaffirmed a “buy” rating and set a GBX 70 ($0.91) price target on shares of Lloyds Banking Group PLC in a report on Sunday, July 3rd. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 65 ($0.85) price target on shares of Lloyds Banking Group PLC in a report on Thursday. Finally, Independent Research GmbH set a GBX 50 ($0.65) price target on Lloyds Banking Group PLC and gave the company a “sell” rating in a report on Friday, June 24th.
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 52.01 on Wednesday. The stock’s 50 day moving average price is GBX 56.79 and its 200-day moving average price is GBX 61.42. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 78.02. The firm’s market capitalization is GBX 30.17 billion.
The business also recently declared a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were issued a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 1.62%.
In related news, insider Horta-Osorio,Antonio purchased 3,377 shares of the stock in a transaction dated Monday, July 18th. The stock was bought at an average cost of GBX 56 ($0.73) per share, for a total transaction of £1,891.12 ($2,468.50).
Lloyds Banking Group PLC Company Profile
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.
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