Lloyds Banking Group (LON:LLOY) Receives “Buy” Rating from UBS Group

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UBS Group reiterated their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a report published on Friday, Borsen Zeitung reports. The brokerage currently has a GBX 65 ($0.85) price target on the financial services provider’s stock, down from their previous price target of GBX 70 ($0.91).

LLOY has been the topic of a number of other research reports. JPMorgan Chase & Co. set a GBX 60 ($0.78) price objective on shares of Lloyds Banking Group and gave the company a neutral rating in a research report on Wednesday, September 4th. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group in a research report on Monday, September 9th. Deutsche Bank set a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group and gave the company a neutral rating in a research report on Monday, September 9th. HSBC cut their price objective on shares of Lloyds Banking Group from GBX 58 ($0.76) to GBX 52 ($0.68) and set a hold rating on the stock in a research report on Thursday, August 15th. Finally, Davy Research upgraded shares of Lloyds Banking Group to an outperform rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 66.25 ($0.87).

LLOY stock opened at GBX 54.26 ($0.71) on Friday. Lloyds Banking Group has a twelve month low of GBX 48.16 ($0.63) and a twelve month high of GBX 66.79 ($0.87). The stock has a market capitalization of $38.08 billion and a price-to-earnings ratio of 10.24. The firm’s fifty day simple moving average is GBX 51.59 and its two-hundred day simple moving average is GBX 58.47.

The business also recently declared a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 8th were issued a GBX 1.12 ($0.01) dividend. This represents a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, August 8th. Lloyds Banking Group’s payout ratio is presently 0.57%.

In related news, insider Amanda Mackenzie OBE purchased 63,567 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of GBX 50 ($0.65) per share, for a total transaction of £31,783.50 ($41,530.77). Also, insider Antonio Horta-Osorio sold 93,930 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 53 ($0.69), for a total transaction of £49,782.90 ($65,050.18). Over the last 90 days, insiders sold 853,217 shares of company stock worth $46,718,717.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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