Lloyds Banking Group PLC’s (LLOY) “Underperform” Rating Reiterated at BNP Paribas

BNP Paribas reissued their underperform rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 57 ($0.70) target price on the financial services provider’s stock.

LLOY has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group PLC from GBX 68 ($0.84) to GBX 70 ($0.86) and gave the stock a neutral rating in a research note on Monday, December 12th. Morgan Stanley set a GBX 70 ($0.86) price target on Lloyds Banking Group PLC and gave the company a buy rating in a research note on Tuesday, December 6th. Barclays PLC reiterated an overweight rating and issued a GBX 75 ($0.93) price target on shares of Lloyds Banking Group PLC in a research note on Tuesday, February 14th. Deutsche Bank AG set a GBX 58 ($0.72) price target on Lloyds Banking Group PLC and gave the company a neutral rating in a research note on Wednesday, December 14th. Finally, Macquarie reiterated an outperform rating and issued a GBX 65 ($0.80) price target on shares of Lloyds Banking Group PLC in a research note on Thursday, November 17th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Lloyds Banking Group PLC has an average rating of Hold and an average target price of GBX 69.48 ($0.86).

Lloyds Banking Group PLC (LON:LLOY) opened at 69.76 on Thursday. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 74.00. The firm has a 50-day moving average price of GBX 67.49 and a 200 day moving average price of GBX 61.47. The firm’s market cap is GBX 49.25 billion.

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The firm also recently disclosed a dividend, which will be paid on Tuesday, May 16th. Stockholders of record on Thursday, April 6th will be paid a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 3.17%. This is an increase from Lloyds Banking Group PLC’s previous dividend of $0.85. The ex-dividend date is Thursday, April 6th.

In other news, insider George Culmer sold 145,828 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of GBX 69 ($0.85), for a total value of £100,621.32 ($124,269.88). Insiders bought a total of 784 shares of company stock worth $52,758 over the last three months.

About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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