Lloyds Banking Group PLC (LON:LLOY) had its target price reduced by Citigroup Inc. from GBX 53 ($0.66) to GBX 48 ($0.59) in a research report released on Monday morning. Citigroup Inc. currently has a sell rating on the financial services provider’s stock.
Several other equities research analysts also recently weighed in on LLOY. RBC Capital Markets set a GBX 70 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research report on Monday, August 15th. BNP Paribas reissued an underperform rating and set a GBX 55 ($0.68) price target on shares of Lloyds Banking Group PLC in a research report on Monday, August 1st. Deutsche Bank AG reissued a buy rating and set a GBX 63 ($0.78) price target (down previously from GBX 78 ($0.97)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Shore Capital reissued a buy rating on shares of Lloyds Banking Group PLC in a research report on Thursday, July 28th. Finally, Barclays PLC reissued an equal weight rating and set a GBX 65 ($0.80) price target on shares of Lloyds Banking Group PLC in a research report on Thursday, October 6th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 69.39 ($0.86).
Lloyds Banking Group PLC (LON:LLOY) opened at 52.80 on Monday. The company’s market capitalization is GBX 30.63 billion. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 78.02. The stock has a 50 day moving average price of GBX 56.83 and a 200 day moving average price of GBX 61.17.
The firm also recently declared a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were given a GBX 0.85 ($0.01) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.62%.
In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio purchased 3,330 shares of the stock in a transaction dated Friday, September 16th. The stock was purchased at an average price of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,349.13).
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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