Lloyds Banking Group PLC (LLOY) PT Lowered to GBX 67 at Jefferies Group
Lloyds Banking Group PLC (LON:LLOY) had its target price reduced by Jefferies Group from GBX 68 ($0.89) to GBX 67 ($0.87) in a research note issued to investors on Monday morning. They currently have a buy rating on the financial services provider’s stock.
LLOY has been the topic of a number of other reports. Deutsche Bank AG reiterated a buy rating and issued a GBX 63 ($0.82) price target (down from GBX 78 ($1.02)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Goldman Sachs Group Inc. set a GBX 53 ($0.69) price target on shares of Lloyds Banking Group PLC and gave the company a neutral rating in a research report on Tuesday, August 9th. Societe Generale reiterated a buy rating and issued a GBX 70 ($0.91) price target on shares of Lloyds Banking Group PLC in a research report on Sunday, July 3rd. Independent Research GmbH set a GBX 50 ($0.65) price target on shares of Lloyds Banking Group PLC and gave the company a sell rating in a research report on Friday, June 24th. Finally, Citigroup Inc. set a GBX 50 ($0.65) price target on shares of Lloyds Banking Group PLC and gave the company a sell rating in a research report on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. Lloyds Banking Group PLC presently has an average rating of Hold and an average price target of GBX 69.70 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 56.56 on Monday. The firm has a 50-day moving average of GBX 56.49 and a 200-day moving average of GBX 62.58. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 78.02. The firm’s market capitalization is GBX 32.81 billion.
The company also recently declared a dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th will be issued a dividend of GBX 0.85 ($0.01) per share. This represents a dividend yield of 1.62%. The ex-dividend date is Thursday, August 11th.
In related news, insider Horta-Osorio,Antonio acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The shares were bought at an average cost of GBX 54 ($0.70) per share, with a total value of £54,000 ($70,486.88). Also, insider Frew,Anita acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was bought at an average cost of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,896.10).
About Lloyds Banking Group PLC
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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