Lloyds Banking Group PLC (LLOY) Earns “Hold” Rating from Berenberg Bank
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a research note issued on Friday. They currently have a GBX 55 ($0.73) price objective on the financial services provider’s stock. Berenberg Bank’s price target would suggest a potential downside of 7.27% from the stock’s current price.
Several other research firms have also recently issued reports on LLOY. Deutsche Bank AG lowered their price objective on Lloyds Banking Group PLC from GBX 79 ($1.05) to GBX 78 ($1.04) and set a “buy” rating on the stock in a research report on Tuesday, May 24th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 55 ($0.73) price objective on shares of Lloyds Banking Group PLC in a research report on Friday, July 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 65 ($0.87) price objective on shares of Lloyds Banking Group PLC in a research report on Monday, August 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 75 ($1.00) price objective on shares of Lloyds Banking Group PLC in a research report on Monday, June 27th. Finally, Morgan Stanley set a GBX 70 ($0.93) price objective on Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Friday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 69.74 ($0.93).
Lloyds Banking Group PLC (LON:LLOY) opened at 59.31 on Friday. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 78.02. The stock’s market capitalization is GBX 34.41 billion. The company’s 50-day moving average price is GBX 55.91 and its 200 day moving average price is GBX 63.40.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Investors of record on Thursday, August 11th will be issued a dividend of GBX 0.85 ($0.01) per share. This represents a yield of 1.62%. The ex-dividend date of this dividend is Thursday, August 11th.
In other Lloyds Banking Group PLC news, insider Frew,Anita acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average cost of GBX 55 ($0.73) per share, with a total value of £27,500 ($36,627.60). Also, insider Horta-Osorio,Antonio acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The shares were acquired at an average cost of GBX 54 ($0.72) per share, for a total transaction of £54,000 ($71,923.28).
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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