Lloyds Banking Group PLC (NYSE:LYG)’s share price rose 1.6% during trading on Wednesday . The company traded as high as $3.21 and last traded at $3.21, with a volume of 4,846,807 shares traded. The stock had previously closed at $3.16.

LYG has been the topic of a number of analyst reports. Zacks Investment Research downgraded Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Barclays PLC downgraded Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 27th. Citigroup Inc. reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday. JPMorgan Chase & Co. downgraded Lloyds Banking Group PLC from an “overweight” rating to a “neutral” rating in a research report on Monday, June 27th. Finally, Bank of America Corp. downgraded Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a research report on Monday, June 27th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 80.42 ($1.05).

The company has a market capitalization of $46.56 billion and a PE ratio of 29.72. The company has a 50-day moving average of $2.96 and a 200-day moving average of $3.62.

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