Lloyds Banking Group PLC (LON:LLOY) had its price target cut by Jefferies Group from GBX 68 ($0.89) to GBX 67 ($0.87) in a research report sent to investors on Monday. They currently have a buy rating on the financial services provider’s stock.
A number of other research analysts have also recently commented on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 63 ($0.82) target price (down previously from GBX 78 ($1.02)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Goldman Sachs Group Inc. set a GBX 53 ($0.69) price target on shares of Lloyds Banking Group PLC and gave the stock a neutral rating in a research report on Tuesday, August 9th. Societe Generale reissued a buy rating and set a GBX 70 ($0.91) price target on shares of Lloyds Banking Group PLC in a research report on Sunday, July 3rd. Independent Research GmbH set a GBX 50 ($0.65) price target on shares of Lloyds Banking Group PLC and gave the stock a sell rating in a research report on Friday, June 24th. Finally, Citigroup Inc. set a GBX 50 ($0.65) price target on shares of Lloyds Banking Group PLC and gave the stock a sell rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 69.70 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 56.37 on Monday. The stock’s market cap is GBX 32.70 billion. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 78.02. The firm’s 50-day moving average is GBX 56.61 and its 200 day moving average is GBX 62.54.
The company also recently announced a dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th will be given a GBX 0.85 ($0.01) dividend. This represents a yield of 1.62%. The ex-dividend date is Thursday, August 11th.
In related news, insider Frew,Anita acquired 50,000 shares of the stock in a transaction dated Wednesday, June 29th. The shares were acquired at an average price of GBX 55 ($0.72) per share, with a total value of £27,500 ($35,896.10). Also, insider Horta-Osorio,Antonio acquired 100,000 shares of the stock in a transaction dated Tuesday, June 28th. The shares were bought at an average cost of GBX 54 ($0.70) per share, for a total transaction of £54,000 ($70,486.88).
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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