Shares of Lloyds Banking Group PLC (NYSE:LYG) gapped up before the market opened on Tuesday . The stock had previously closed at $3.09, but opened at $3.10. Lloyds Banking Group PLC shares last traded at $3.15, with a volume of 3,484,959 shares changing hands.

LYG has been the topic of a number of research analyst reports. Investec raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. Macquarie raised shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 5th. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research report on Thursday, June 2nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, May 26th. Finally, Bank of America Corp. cut shares of Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a research report on Monday, June 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 80.42 ($1.05).

The company’s 50 day moving average is $2.96 and its 200-day moving average is $3.62. The stock has a market capitalization of $45.83 billion and a PE ratio of 29.26.

The business also recently disclosed a dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend 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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