Lloyds Banking Group PLC (LLOY) Stock Rating Reaffirmed by Deutsche Bank AG
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating restated by analysts at Deutsche Bank AG in a research report issued on Thursday.
Other analysts have also issued reports about the stock. Societe Generale reaffirmed a “buy” rating and issued a GBX 70 ($0.93) price objective on shares of Lloyds Banking Group PLC in a research note on Monday, June 27th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 83 ($1.11) price objective on shares of Lloyds Banking Group PLC in a research note on Wednesday, June 15th. BNP Paribas reissued an “underperform” rating and set a GBX 70 ($0.93) price target on shares of Lloyds Banking Group PLC in a research report on Tuesday, June 21st. Barclays PLC lowered shares of Lloyds Banking Group PLC to a ” equal-weight” rating and set a GBX 65 ($0.87) price target for the company. in a research report on Monday, June 27th. Finally, Citigroup Inc. set a GBX 50 ($0.67) price target on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 69.70 ($0.93).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 56.80 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 company’s market capitalization is GBX 32.95 billion. The company’s 50-day moving average is GBX 56.22 and its 200 day moving average is GBX 63.03.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th will be issued a GBX 0.85 ($0.01) dividend. The ex-dividend date is Thursday, August 11th. This represents a yield of 1.62%.
In other news, insider Frew,Anita acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, June 29th. The shares were bought at an average price of GBX 55 ($0.73) per share, for a total transaction of £27,500 ($36,627.60). Also, insider Henry,Simon acquired 100,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was purchased at an average price of GBX 54 ($0.72) per share, for a total transaction of £54,000 ($71,923.28).
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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