Brokerages Set Lloyds Banking Group plc (LON:LLOY) Price Target at GBX 40.82


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Lloyds Banking Group plc (LON:LLOY) has been given a consensus rating of “Buy” by the fourteen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 40.82 ($0.53).

Several research firms recently weighed in on LLOY. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Monday, February 8th. Royal Bank of Canada reiterated a “buy” rating and issued a GBX 43 ($0.56) target price on shares of Lloyds Banking Group in a report on Wednesday, February 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lloyds Banking Group from GBX 38 ($0.50) to GBX 39 ($0.51) and gave the company a “hold” rating in a report on Monday, March 1st. The Goldman Sachs Group reiterated a “sell” rating and issued a GBX 33 ($0.43) target price on shares of Lloyds Banking Group in a report on Thursday, January 28th. Finally, Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, February 25th.

In related news, insider Antonio Horta-Osorio purchased 329,977 shares of Lloyds Banking Group stock in a transaction that occurred on Thursday, March 25th. The stock was purchased at an average cost of GBX 42 ($0.55) per share, with a total value of £138,590.34 ($181,069.17). Also, insider William Chalmers sold 528,826 shares of the business’s stock in a transaction on Thursday, March 4th. The shares were sold at an average price of GBX 40 ($0.52), for a total transaction of £211,530.40 ($276,365.82). Over the last ninety days, insiders have bought 330,783 shares of company stock valued at $13,889,254.

Shares of LON LLOY opened at GBX 43.53 ($0.57) on Monday. The company has a 50 day simple moving average of GBX 40.73 and a 200-day simple moving average of GBX 34.98. The company has a market capitalization of £30.88 billion and a P/E ratio of 36.13. Lloyds Banking Group has a 1 year low of GBX 23.59 ($0.31) and a 1 year high of GBX 43.86 ($0.57).

The company also recently disclosed a dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Thursday, April 15th will be given a dividend of GBX 0.57 ($0.01) per share. The ex-dividend date is Thursday, April 15th. This represents a dividend yield of 1.45%.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services 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 loans, leasing solutions, credit cards, and other financial services to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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