Lloyds Banking Group PLC (LYG) Sees Unusually-High Trading Volume
Lloyds Banking Group PLC (NYSE:LYG) saw unusually-strong trading volume on Thursday . Approximately 5,477,400 shares changed hands during trading, an increase of 18% from the previous session’s volume of 4,657,653 shares.The stock last traded at $3.31 and had previously closed at $3.21.
A number of analysts have recently weighed in on LYG shares. Deutsche Bank AG reissued a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Sunday, June 26th. Zacks Investment Research raised Lloyds Banking Group PLC from a “sell” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Wednesday, June 22nd. Beaufort Securities reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 3rd. Investec raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, Barclays PLC lowered Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 27th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Lloyds Banking Group PLC currently has an average rating of “Hold” and an average target price of GBX 80.42 ($1.05).
The firm has a market capitalization of $47.86 billion and a P/E ratio of 30.56. The company has a 50 day moving average of $2.97 and a 200-day moving average of $3.62.
The firm also recently disclosed a dividend, which will be paid on Tuesday, October 11th. Investors 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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