Lloyds Banking Group PLC (LLOY) Given Underperform Rating at BNP Paribas

BNP Paribas reaffirmed their underperform rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a report issued on Friday morning. BNP Paribas currently has a GBX 65 ($0.80) target price on the financial services provider’s stock.

Several other brokerages have also issued reports on LLOY. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Lloyds Banking Group PLC in a research note on Monday, March 20th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 90 ($1.11) target price on shares of Lloyds Banking Group PLC in a research note on Tuesday, February 28th. Macquarie upped their target price on Lloyds Banking Group PLC from GBX 75 ($0.93) to GBX 80 ($0.99) and gave the stock an outperform rating in a research note on Thursday, February 23rd. Morgan Stanley set a GBX 70 ($0.86) target price on Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Tuesday, December 6th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a GBX 58 ($0.72) target price on shares of Lloyds Banking Group PLC in a research note on Thursday, November 24th. Six analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 69.83 ($0.86).

Analyst Recommendations for Lloyds Banking Group PLC (LON:LLOY)

Lloyds Banking Group PLC (LON:LLOY) traded down 1.62% on Friday, reaching GBX 66.95. 202,006,573 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 67.76 and its 200 day moving average is GBX 61.67. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 74.00. The firm’s market cap is GBX 47.27 billion.

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

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 value of £100,621.32 ($124,269.88). In the last quarter, insiders acquired 784 shares of company stock valued at $52,758.

About Lloyds Banking Group PLC

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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