BNP Paribas restated their underperform rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a report released on Thursday morning. BNP Paribas currently has a GBX 52 ($0.68) target price on the financial services provider’s stock.
Several other research analysts have also recently issued reports on the company. Barclays PLC cut Lloyds Banking Group PLC to a equal-weight rating and set a GBX 65 ($0.85) price objective for the company. in a research report on Monday, June 27th. Jefferies Group reaffirmed a buy rating and set a GBX 68 ($0.89) price objective on shares of Lloyds Banking Group PLC in a research report on Monday, June 27th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 63 ($0.82) price objective (down from GBX 78 ($1.02)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group PLC in a research report on Friday, June 17th. Finally, JPMorgan Chase & Co. set a GBX 90 ($1.17) price objective on Lloyds Banking Group PLC and gave the stock a buy rating in a research report on Monday, June 13th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. Lloyds Banking Group PLC has a consensus rating of Hold and a consensus target price of GBX 69.70 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) opened at 56.15 on Thursday. The stock has a 50 day moving average price of GBX 56.61 and a 200 day moving average price of GBX 62.54. 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 capitalization is GBX 32.58 billion.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Investors of record on Thursday, August 11th will be issued 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 Horta-Osorio,Antonio bought 3,330 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was bought at an average cost of GBX 57 ($0.74) per share, for a total transaction of £1,898.10 ($2,477.61). Also, insider Henry,Simon bought 100,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was bought at an average price of GBX 54 ($0.70) per share, with a total value of £54,000 ($70,486.88).
About Lloyds Banking Group PLC
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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