Lloyds Banking Group PLC (LLOY) Receives “Buy” Rating from Shore Capital
LLOY has been the subject of several other research reports. Investec restated a buy rating and set a GBX 75 ($0.98) price target on shares of Lloyds Banking Group PLC in a research report on Tuesday, May 16th. J P Morgan Chase & Co set a GBX 83 ($1.08) target price on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research report on Thursday, June 1st. Barclays PLC set a GBX 75 ($0.98) target price on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research report on Thursday, April 27th. Deutsche Bank AG cut their price target on shares of Lloyds Banking Group PLC from GBX 70 ($0.91) to GBX 66 ($0.86) and set a hold rating for the company in a report on Wednesday, April 19th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 60 ($0.78) price target on shares of Lloyds Banking Group PLC and gave the company a sell rating in a report on Monday, April 3rd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 75.26 ($0.98).
The business also recently declared a dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.45%.
In related news, insider Antonio Horta-Osorio purchased 50,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of GBX 72 ($0.94) per share, for a total transaction of £36,000 ($46,899.43). In the last quarter, insiders have acquired 55,580 shares of company stock worth $3,975,500.
Lloyds Banking Group PLC Company Profile
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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