Lloyds Banking Group PLC (NYSE:LYG) shares saw strong trading volume on Tuesday . 4,472,624 shares changed hands during trading, a decline of 4% from the previous session’s volume of 4,677,009 shares.The stock last traded at $3.07 and had previously closed at $3.00.

Several research analysts have recently weighed in on the company. Macquarie raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 5th. Beaufort Securities reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, August 3rd. Zacks Investment Research raised Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, June 16th. Finally, Berenberg Bank raised Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 82.08 ($1.08).

The company’s 50-day moving average is $2.90 and its 200-day moving average is $3.63. The stock has a market cap of $44.82 billion and a P/E ratio of 28.61.

The business also recently declared a dividend, which will be paid on Tuesday, October 11th. Investors 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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