Lloyds Banking Group PLC’s (LON:LLOY) “Buy” Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG reiterated their buy rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note released on Friday morning, MarketBeat Ratings reports. Deutsche Bank AG currently has a GBX 79 ($1.04) price objective on the financial services provider’s stock.
A number of other equities analysts have also issued reports on LLOY. Societe Generale reissued a buy rating and issued a GBX 80 ($1.06) price objective on shares of Lloyds Banking Group PLC in a report on Thursday, March 30th. Berenberg Bank reissued a sell rating and issued a GBX 55 ($0.73) price objective on shares of Lloyds Banking Group PLC in a report on Sunday, April 2nd. Jefferies Group LLC increased their price objective on Lloyds Banking Group PLC from GBX 82 ($1.08) to GBX 86 ($1.13) and gave the stock a buy rating in a report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) set a GBX 60 ($0.79) price objective on Lloyds Banking Group PLC and gave the stock a sell rating in a report on Monday, April 3rd. Finally, Credit Suisse Group reissued a neutral rating and issued a GBX 70 ($0.92) price objective on shares of Lloyds Banking Group PLC in a report on Friday, April 21st. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 75.26 ($0.99).
Shares of Lloyds Banking Group PLC (LLOY) opened at 65.71 on Friday. The stock has a 50 day moving average price of GBX 67.23 and a 200 day moving average price of GBX 67.48. Lloyds Banking Group PLC has a 12-month low of GBX 50.68 and a 12-month high of GBX 73.58. The firm’s market capitalization is GBX 41.84 billion.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/lloyds-banking-group-plcs-lonlloy-buy-rating-reaffirmed-at-deutsche-bank-ag-2/1464876.html.
The business also recently declared a dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Thursday, August 10th will be paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.45%. The ex-dividend date is Thursday, August 10th.
In related news, insider Antonio Horta-Osorio purchased 4,784 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were acquired at an average cost of GBX 67 ($0.88) per share, with a total value of £3,205.28 ($4,228.04). Insiders bought 55,580 shares of company stock worth $3,975,500 over the last ninety days.
About Lloyds Banking Group PLC
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.
Receive News & Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.