Goldman Sachs Group, Inc. (The) set a GBX 58 ($0.75) target price on Lloyds Banking Group PLC (LON:LLOY) in a report issued on Wednesday. The brokerage currently has a sell rating on the financial services provider’s stock.
Several other research analysts have also commented on LLOY. Investec reaffirmed a buy rating and issued a GBX 75 ($0.97) price target on shares of Lloyds Banking Group PLC in a report on Tuesday, May 16th. Barclays PLC reaffirmed an overweight rating and issued a GBX 77 ($0.99) price target on shares of Lloyds Banking Group PLC in a report on Friday, May 19th. Macquarie set a GBX 67 ($0.87) price target on shares of Lloyds Banking Group PLC and gave the company a neutral rating in a report on Saturday, May 20th. Deutsche Bank AG set a GBX 79 ($1.02) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Tuesday, May 30th. Finally, J P Morgan Chase & Co set a GBX 83 ($1.07) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 75.26 ($0.97).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 65.32 on Wednesday. The company has a 50-day moving average of GBX 64.98 and a 200-day moving average of GBX 67.15. The stock’s market capitalization is GBX 41.59 billion. Lloyds Banking Group PLC has a 12 month low of GBX 50.84 and a 12 month high of GBX 73.58.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 27th. Investors of record on Thursday, August 10th will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.45%.
In other news, insider Antonio Horta-Osorio acquired 4,784 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were purchased at an average cost of GBX 67 ($0.87) per share, for a total transaction of £3,205.28 ($4,139.58). Over the last quarter, insiders purchased 10,266 shares of company stock worth $682,241.
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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