Lloyds Banking Group PLC (LYG) Sees Large Volume Increase
Shares of Lloyds Banking Group PLC (NYSE:LYG) saw unusually-high trading volume on Thursday . Approximately 5,477,400 shares traded 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.
LYG has been the topic of several recent analyst reports. Citigroup Inc. reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday. Deutsche Bank AG reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Investec upgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. Macquarie upgraded shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 5th. Finally, Barclays PLC cut shares of Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 27th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. 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 $48.01 billion and a PE ratio of 30.65. The stock’s 50 day moving average price is $2.98 and its 200 day moving average price is $3.61.
The firm also recently announced a dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Friday, August 12th will be given 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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