Lloyds Banking Group PLC’s (LLOY) Buy Rating Reiterated at Investec
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reissued by stock analysts at Investec in a report released on Tuesday, StockTargetPrices.com reports.
Several other research analysts have also recently commented on LLOY. Deutsche Bank AG lowered their target price on shares of Lloyds Banking Group PLC from GBX 79 ($1.05) to GBX 78 ($1.04) and set a “buy” rating on the stock in a report on Tuesday, May 24th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 55 ($0.73) target price on shares of Lloyds Banking Group PLC in a report on Friday, July 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 65 ($0.87) target price on shares of Lloyds Banking Group PLC in a report on Monday, August 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 75 ($1.00) target price on shares of Lloyds Banking Group PLC in a report on Monday, June 27th. Finally, Morgan Stanley set a GBX 70 ($0.93) target price on shares of Lloyds Banking Group PLC and gave the stock a “buy” rating in a report on Friday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. 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) traded down 0.39% on Tuesday, reaching GBX 56.51. The company’s stock had a trading volume of 237,785,600 shares. 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 32.79 billion. The firm’s 50 day moving average is GBX 56.22 and its 200-day moving average is GBX 63.03.
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The company also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th will be given 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 Horta-Osorio,Antonio acquired 3,377 shares of Lloyds Banking Group PLC stock in a transaction on Monday, July 18th. The stock was acquired at an average cost of GBX 56 ($0.75) per share, with a total value of £1,891.12 ($2,518.81). Also, insider Henry,Simon acquired 100,000 shares of Lloyds Banking Group PLC stock in a transaction on Thursday, June 30th. The stock was purchased at an average cost of GBX 54 ($0.72) per share, with a total value 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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