Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “equal weight” rating restated by equities research analysts at Barclays PLC in a research report issued to clients and investors on Thursday. They presently have a GBX 65 ($0.85) price target on the financial services provider’s stock. Barclays PLC’s price objective suggests a potential upside of 18.83% from the stock’s previous close.
Several other research firms have also recently weighed in on LLOY. Independent Research GmbH set a GBX 50 ($0.65) price objective on Lloyds Banking Group PLC and gave the stock a “sell” rating in a research report on Friday, June 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 90 ($1.17) price target on shares of Lloyds Banking Group PLC in a report on Thursday, June 23rd. Morgan Stanley set a GBX 90 ($1.17) price target on Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Wednesday, June 8th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 70 ($0.91) price target on shares of Lloyds Banking Group PLC in a report on Tuesday, June 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 78 ($1.02) price target on shares of Lloyds Banking Group PLC in a report on Monday, June 13th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 69.58 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 55.21 on Thursday. 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 cap is GBX 32.03 billion. The firm’s 50-day moving average price is GBX 56.82 and its 200-day moving average price is GBX 61.51.
The business also recently disclosed a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th were given a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.62%.
In related news, insider Horta-Osorio,Antonio acquired 3,330 shares of the business’s stock in a transaction on Friday, September 16th. The stock was purchased at an average cost of GBX 57 ($0.74) per share, for a total transaction of £1,898.10 ($2,477.61).
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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