Goldman Sachs Group Inc. lowered shares of Lloyds Banking Group PLC (LON:LLOY) to a sell rating in a report published on Monday morning. The brokerage currently has GBX 50 ($0.65) price target on the financial services provider’s stock.
Other equities research analysts have also recently issued research reports about the company. 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 Monday, June 27th. Barclays PLC lowered shares of Lloyds Banking Group PLC to a equal-weight rating and set a GBX 65 ($0.85) price objective on the stock. in a research note on Monday, June 27th. BNP Paribas reiterated an underperform rating and set a GBX 70 ($0.91) price objective on shares of Lloyds Banking Group PLC in a research note on Tuesday, June 21st. Citigroup Inc. set a GBX 50 ($0.65) price objective on shares of Lloyds Banking Group PLC and gave the company a sell rating in a research note on Thursday, July 28th. Finally, Shore Capital reiterated a buy rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. Lloyds Banking Group PLC has an average rating of Hold and a consensus price target of GBX 69.58 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) opened at 55.93 on Monday. Lloyds Banking Group PLC has a 52 week low of GBX 47.10 and a 52 week high of GBX 78.02. The stock’s market cap is GBX 32.45 billion. The firm’s 50 day moving average price is GBX 56.86 and its 200-day moving average price is GBX 62.02.
The company also recently announced a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th were paid a GBX 0.85 ($0.01) dividend. This represents a yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 11th.
In other news, insider Horta-Osorio,Antonio bought 3,377 shares of the stock in a transaction on Monday, July 18th. The stock was purchased at an average price of GBX 56 ($0.73) per share, with a total value 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.
Receive News & Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.