Published On: Thu, Sep 8th, 2016

Lloyds Banking Group PLC (LLOY) Price Target Cut to GBX 68

Lloyds Banking Group PLC (LON:LLOY) had its price objective lowered by stock analysts at Investec from GBX 79 ($1.05) to GBX 68 ($0.91) in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Investec’s price target would indicate a potential upside of 18.01% from the stock’s current price.
In other news, insider Horta-Osorio,Antonio purchased 2,920 shares of the business’s stock in a transaction on Friday, June 17th. The stock was purchased at an average price of GBX 65 ($0.87) per share, for a total transaction of £1,898 ($2,527.97). Also, insider Frew,Anita purchased 50,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was purchased at an average price of GBX 55 ($0.73) per share, with a total value of £27,500 ($36,627.60).
Lloyds Banking Group PLC (LON:LLOY) traded down 0.79% during midday trading on Wednesday, hitting GBX 57.62. The stock had a trading volume of 175,578,169 shares. The stock’s 50 day moving average price is GBX 55.75 and its 200-day moving average price is GBX 63.46. The company’s market cap is GBX 33.43 billion. Lloyds Banking Group PLC has a 52 week low of GBX 47.10 and a 52 week high of GBX 78.02.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/lloyds-banking-group-plc-lloy-price-target-cut-to-gbx-68.html

The company also recently declared a dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th will be paid a GBX 0.85 ($0.01) dividend. This represents a yield of 1.62%. The ex-dividend date of this dividend is Thursday, August 11th.
A number of other research analysts have also weighed in on the stock. Deutsche Bank AG lowered shares of Lloyds Banking Group PLC to a “hold” rating and cut their target price for the stock from GBX 60 ($0.80) to GBX 59 ($0.79) in a research report on Monday. Citigroup reissued a “sell” rating and set a GBX 53 ($0.71) target price on shares of Lloyds Banking Group PLC in a research report on Wednesday, August 31st. RBC Capital Markets set a GBX 70 ($0.93) target price on shares of Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Monday, August 15th. Royal Bank Of Canada cut their target price on shares of Lloyds Banking Group PLC from GBX 75 ($1.00) to GBX 70 ($0.93) and set an “outperform” rating for the company in a research report on Monday, August 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Lloyds Banking Group PLC from GBX 65 ($0.87) to GBX 62 ($0.83) and set a “neutral” rating for the company in a research report on Thursday, August 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. Lloyds Banking Group PLC has an average rating of “Hold” and an average target price of GBX 69.74 ($0.93).
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.

Receive News & Ratings for Lloyds Banking Group PLC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lloyds Banking Group PLC and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>