Lloyds Banking Group PLC (LON:LLOY)‘s stock had its ” buy” rating reaffirmed by equities research analysts at Societe Generale in a research report issued on Wednesday. They currently have a GBX 70 ($0.93) price target on the financial services provider’s stock. Societe Generale’s price objective indicates a potential upside of 20.52% from the stock’s current price.
A number of other equities research analysts have also issued reports on LLOY. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 90 ($1.20) target price on shares of Lloyds Banking Group PLC in a research note on Thursday, May 12th. Deutsche Bank AG reduced their target price 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 note on Tuesday, May 24th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a GBX 83 ($1.11) target price on shares of Lloyds Banking Group PLC in a research note on Wednesday, June 1st. Morgan Stanley set a GBX 90 ($1.20) target price on Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 17th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 69.74 ($0.93).
In related news, insider Frew,Anita acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average price of GBX 55 ($0.73) per share, for a total transaction of £27,500 ($36,627.60). Also, insider Horta-Osorio,Antonio acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, June 28th. The shares were bought at an average price of GBX 54 ($0.72) per share, for a total transaction of £54,000 ($71,923.28).
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Lloyds Banking Group PLC (LON:LLOY) traded down 0.8561% on Wednesday, reaching GBX 57.5828. The company had a trading volume of 116,876,197 shares. The stock’s 50-day moving average price is GBX 55.69 and its 200 day moving average price is GBX 63.49. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 78.02. The firm’s market capitalization is GBX 33.41 billion.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Investors of record on Thursday, August 11th will be paid a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a dividend yield of 1.62%.
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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