Lloyds Banking Group PLC (LLOY) Receives Underperform Rating from BNP Paribas
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “underperform” rating reaffirmed by equities researchers at BNP Paribas in a note issued to investors on Thursday. They currently have a GBX 52 ($0.68) price target on the financial services provider’s stock. BNP Paribas’ target price points to a potential downside of 8.93% from the company’s current price.
A number of other analysts have also issued reports on LLOY. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 83 ($1.08) price target on shares of Lloyds Banking Group PLC in a research note on Wednesday, June 1st. Morgan Stanley set a GBX 90 ($1.17) price target on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research note on Wednesday, June 8th. 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 research note on Monday, June 13th. JPMorgan Chase & Co. set a GBX 90 ($1.17) price target on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research note on Monday, June 13th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 17th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 69.70 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) opened at 57.05 on Thursday. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 78.02. The firm has a 50-day moving average price of GBX 56.49 and a 200 day moving average price of GBX 62.58. The company’s market cap is GBX 33.10 billion.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th will be paid a dividend of GBX 0.85 ($0.01) per share. This represents a yield of 1.62%. The ex-dividend date is Thursday, August 11th.
In related news, insider Horta-Osorio,Antonio acquired 100,000 shares of Lloyds Banking Group PLC stock in a transaction on Tuesday, June 28th. The stock was purchased at an average cost of GBX 54 ($0.70) per share, with a total value of £54,000 ($70,486.88). Also, insider Frew,Anita acquired 50,000 shares of Lloyds Banking Group PLC stock in a transaction on Wednesday, June 29th. The shares were bought at an average cost 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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