Lloyds Banking Group PLC (NYSE:LYG)’s share price shot up 1.7% during mid-day trading on Friday . The company traded as high as $2.96 and last traded at $2.95, with a volume of 3,003,849 shares traded. The stock had previously closed at $2.90.

A number of brokerages recently issued reports on LYG. Beaufort Securities reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 3rd. Berenberg Bank upgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Macquarie upgraded shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 5th. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. cut shares of Lloyds Banking Group PLC from an “overweight” rating to a “neutral” rating in a research note on Monday, June 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 82.08 ($1.06).

The stock has a 50 day moving average of $2.89 and a 200-day moving average of $3.64. The stock has a market capitalization of $42.79 billion and a P/E ratio of 27.31.

The firm also recently declared a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Friday, August 12th will be issued a $0.045 dividend. The ex-dividend date is Wednesday, August 10th.

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

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