UBS Group set a GBX 80 ($1.04) price objective on Lloyds Banking Group (LON:LLOY) in a research report report published on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other equities research analysts also recently commented on the stock. Goldman Sachs Group lifted their target price on shares of Lloyds Banking Group from GBX 53 ($0.69) to GBX 58 ($0.75) and gave the stock a sell rating in a research report on Monday, May 28th. Credit Suisse Group set a GBX 85 ($1.10) target price on shares of Lloyds Banking Group and gave the stock a buy rating in a research report on Wednesday, May 30th. Berenberg Bank set a GBX 60 ($0.78) price objective on shares of Lloyds Banking Group and gave the company a sell rating in a research report on Thursday, April 26th. JPMorgan Chase & Co. set a GBX 85 ($1.10) price objective on shares of Lloyds Banking Group and gave the company a buy rating in a research report on Thursday, May 17th. Finally, HSBC downgraded shares of Lloyds Banking Group to a hold rating in a research report on Friday, April 13th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Lloyds Banking Group presently has a consensus rating of Hold and a consensus target price of GBX 74.95 ($0.97).
LON:LLOY opened at GBX 61.90 ($0.80) on Tuesday. Lloyds Banking Group has a 12 month low of GBX 61.81 ($0.80) and a 12 month high of GBX 73.58 ($0.95).
The firm also recently disclosed a dividend, which will be paid on Wednesday, September 26th. Stockholders of record on Thursday, August 16th will be given a dividend of GBX 1.07 ($0.01) per share. This represents a dividend yield of 1.69%. The ex-dividend date is Thursday, August 16th.
In related news, insider Antonio Horta-Osorio sold 221,307 shares of Lloyds Banking Group stock in a transaction on Thursday, June 14th. The shares were sold at an average price of GBX 63 ($0.82), for a total transaction of £139,423.41 ($180,483.38).
About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company 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, and unsecured consumer lending products to personal and small business customers.
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