Lloyds Banking Group PLC (LON:LLOY) had its target price decreased by analysts at Jefferies Group from GBX 68 ($0.89) to GBX 67 ($0.87) in a research note issued on Monday. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Group’s target price suggests a potential upside of 17.54% from the stock’s previous close.
Several other brokerages also recently issued reports on LLOY. Investec upgraded Lloyds Banking Group PLC to a “buy” rating and set a GBX 86 ($1.12) price target for the company in a report on Thursday, August 25th. Citigroup Inc. reiterated a “sell” rating and issued a GBX 53 ($0.69) price target on shares of Lloyds Banking Group PLC in a report on Wednesday, August 31st. Morgan Stanley set a GBX 70 ($0.91) price target on Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Monday, September 12th. Deutsche Bank AG lowered their price target on Lloyds Banking Group PLC from GBX 79 ($1.03) to GBX 78 ($1.02) and set a “buy” rating for the company in a report on Tuesday, May 24th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 55 ($0.72) price target on shares of Lloyds Banking Group PLC in a report on Friday, September 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 69.70 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded up 0.87% during midday trading on Monday, hitting GBX 57.00. The company’s stock had a trading volume of 107,995,135 shares. The firm has a 50-day moving average of GBX 56.38 and a 200 day moving average of GBX 62.81. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 78.02. The firm’s market cap is GBX 33.07 billion.
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The business also recently announced a dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th will be paid a dividend of GBX 0.85 ($0.01) per share. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, August 11th.
In related news, insider Frew,Anita bought 50,000 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was bought at an average price of GBX 55 ($0.72) per share, with a total value of £27,500 ($35,896.10). Also, insider Horta-Osorio,Antonio bought 100,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The shares were bought at an average cost 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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