Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “underperform” rating reissued by equities researchers at BNP Paribas in a report issued on Tuesday. They presently have a GBX 52 ($0.68) price objective on the financial services provider’s stock. BNP Paribas’ price objective suggests a potential downside of 4.95% from the company’s previous close.
Several other research analysts have also recently issued reports on LLOY. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 75 ($0.98) price objective on shares of Lloyds Banking Group PLC in a research note on Monday, June 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 65 ($0.85) price objective on shares of Lloyds Banking Group PLC in a research note on Monday, August 1st. Deutsche Bank AG restated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, September 15th. Morgan Stanley set a GBX 70 ($0.91) price objective on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Goldman Sachs Group Inc. set a GBX 55 ($0.72) price objective on Lloyds Banking Group PLC and gave the stock a “neutral” rating in a research note on Friday, July 8th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 69.58 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 55.48 on Tuesday. The stock’s 50 day moving average price is GBX 56.87 and its 200 day moving average price is GBX 61.72. The stock’s market capitalization is GBX 32.19 billion. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 78.02.
The company also recently disclosed a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were paid a GBX 0.85 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 1.62%.
In other news, insider Horta-Osorio,Antonio acquired 3,330 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was acquired at an average cost of GBX 57 ($0.74) per share, with a total value of £1,898.10 ($2,477.61).
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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