Published On: Mon, Sep 19th, 2016

Lloyds Banking Group PLC (LLOY) Given a GBX 50 Price Target by Citigroup Inc. Analysts

Lloyds Banking Group PLC (LON:LLOY) received a GBX 50 ($0.67) price objective from investment analysts at Citigroup Inc. in a report released on Thursday. The brokerage presently has a a “sell” rating on the financial services provider’s stock. Citigroup Inc.’s price target suggests a potential downside of 11.52% from the company’s previous close.
A number of other equities research analysts have also commented on the company. Shore Capital restated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, July 28th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 65 ($0.87) price objective on shares of Lloyds Banking Group PLC in a research report on Tuesday, July 26th. Berenberg Bank upgraded Lloyds Banking Group PLC to a “hold” rating and set a GBX 55 ($0.73) price objective for the company in a research report on Tuesday, July 26th. BNP Paribas restated an “underperform” rating and set a GBX 55 ($0.73) price objective on shares of Lloyds Banking Group PLC in a research report on Thursday, July 21st. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 63 ($0.84) price objective on shares of Lloyds Banking Group PLC in a research report on Tuesday, July 19th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 69.74 ($0.93).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.3878% during mid-day trading on Thursday, reaching GBX 56.5014. 237,785,600 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 78.02. The company’s market capitalization is GBX 32.78 billion. The firm has a 50-day moving average price of GBX 56.22 and a 200-day moving average price of GBX 63.03.

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The business also recently declared a dividend, which will be paid on Wednesday, September 28th. Investors 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 is Thursday, August 11th.
In other news, insider Frew,Anita purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, June 29th. The shares were acquired at an average price of GBX 55 ($0.73) per share, with a total value of £27,500 ($36,627.60). Also, insider Henry,Simon purchased 100,000 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of GBX 54 ($0.72) per share, for a total transaction of £54,000 ($71,923.28).
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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