Lloyds Banking Group PLC’s (LLOY) “Overweight” Rating Reaffirmed at Barclays PLC
Barclays PLC restated their overweight rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report released on Thursday. Barclays PLC currently has a GBX 77 ($1.02) price target on the financial services provider’s stock.
Other equities research analysts have also issued reports about the company. HSBC Holdings plc reissued a buy rating and set a GBX 76 ($1.01) price target on shares of Lloyds Banking Group PLC in a research report on Thursday, June 8th. Investec reissued a buy rating and set a GBX 75 ($0.99) price target on shares of Lloyds Banking Group PLC in a research report on Wednesday, June 14th. Jefferies Group LLC reissued a buy rating and set a GBX 86 ($1.14) price target on shares of Lloyds Banking Group PLC in a research report on Monday, June 12th. UBS AG set a GBX 85 ($1.13) price target on Lloyds Banking Group PLC and gave the company a buy rating in a research report on Wednesday, June 28th. Finally, Morgan Stanley set a GBX 85 ($1.13) price target on Lloyds Banking Group PLC and gave the company a buy rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 74.88 ($0.99).
Shares of Lloyds Banking Group PLC (LLOY) traded down 1.04% during trading on Thursday, hitting GBX 66.60. 90,426,643 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 65.28 and a 200-day moving average of GBX 66.96. Lloyds Banking Group PLC has a 12-month low of GBX 50.84 and a 12-month high of GBX 73.58. The company’s market cap is GBX 42.40 billion.
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The company also recently disclosed a dividend, which was paid on Wednesday, September 27th. Stockholders of record on Thursday, August 10th were issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.45%. The ex-dividend date was Thursday, August 10th.
In other news, insider Antonio Horta-Osorio bought 4,873 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of GBX 66 ($0.88) per share, for a total transaction of £3,216.18 ($4,266.06). Also, insider George Culmer bought 101,589 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of GBX 66 ($0.88) per share, with a total value of £67,048.74 ($88,935.85). In the last ninety days, insiders purchased 111,855 shares of company stock worth $7,387,115.
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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