Lloyds Banking Group PLC (LLOY) Given New GBX 67 Price Target at Jefferies Group
Lloyds Banking Group PLC (LON:LLOY) had its price target decreased by Jefferies Group from GBX 68 ($0.89) to GBX 67 ($0.87) in a report published on Monday. Jefferies Group currently has a buy rating on the financial services provider’s stock.
A number of other equities analysts also recently weighed in on the stock. Deutsche Bank AG reissued a hold rating on shares of Lloyds Banking Group PLC in a research note on Thursday, September 15th. Investec reissued a buy rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, September 13th. Morgan Stanley set a GBX 70 ($0.91) target price on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Monday, September 12th. Berenberg Bank reissued a hold rating and set a GBX 55 ($0.72) target price on shares of Lloyds Banking Group PLC in a research note on Friday, September 9th. Finally, Societe Generale reissued a buy rating and set a GBX 70 ($0.91) target price on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 7th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 69.70 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 56.80 on Monday. The stock has a 50 day moving average price of GBX 56.38 and a 200 day moving average price of GBX 62.81. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 78.02. The firm’s market capitalization is GBX 32.95 billion.
The company also recently declared a dividend, which will be paid on Wednesday, September 28th. Investors of record on Thursday, August 11th will be issued a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 1.62%.
In related news, insider Horta-Osorio,Antonio acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was acquired at an average cost of GBX 54 ($0.70) per share, for a total transaction of £54,000 ($70,486.88). Also, insider Frew,Anita acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was bought at an average price of GBX 55 ($0.72) per share, with a total value of £27,500 ($35,896.10).
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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