Deutsche Bank AG Reiterates “GBX 70” Price Target for Lloyds Banking Group PLC (LLOY)

Deutsche Bank AG set a GBX 70 ($0.86) price target on Lloyds Banking Group PLC (LON:LLOY) in a research report released on Thursday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.

LLOY has been the topic of a number of other reports. S&P Global set a GBX 80 ($0.99) price target on Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Wednesday, February 22nd. Royal Bank of Canada set a GBX 90 ($1.11) price target on Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Monday, February 27th. Macquarie reaffirmed an outperform rating and set a GBX 75 ($0.93) price target on shares of Lloyds Banking Group PLC in a research note on Friday, January 13th. JPMorgan Chase & Co. upped their price target on Lloyds Banking Group PLC from GBX 70 ($0.86) to GBX 75 ($0.93) and gave the stock an overweight rating in a research note on Friday, January 20th. Finally, BNP Paribas reaffirmed an underperform rating and set a GBX 57 ($0.70) price target on shares of Lloyds Banking Group PLC in a research note on Thursday, March 16th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 69.48 ($0.86).

Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 69.76 on Thursday. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 74.00. The firm’s market capitalization is GBX 49.25 billion. The stock has a 50 day moving average price of GBX 67.49 and a 200-day moving average price of GBX 61.47.

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The business also recently announced a dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Thursday, April 6th will be given a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date of this dividend is Thursday, April 6th. This represents a dividend yield of 3.17%. This is an increase from Lloyds Banking Group PLC’s previous dividend of $0.85.

In other Lloyds Banking Group PLC news, insider George Culmer sold 145,828 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of GBX 69 ($0.85), for a total transaction of £100,621.32 ($124,269.88). In the last 90 days, insiders have acquired 784 shares of company stock worth $52,758.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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