Lloyds Banking Group PLC (LLOY) PT Lowered to GBX 48
Lloyds Banking Group PLC (LON:LLOY) had its target price dropped by equities research analysts at Citigroup Inc. from GBX 53 ($0.66) to GBX 48 ($0.59) in a note issued to investors on Monday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Citigroup Inc.’s target price points to a potential downside of 10.51% from the stock’s current price.
LLOY has been the subject of a number of other reports. Goldman Sachs Group Inc. set a GBX 55 ($0.68) target price on shares of Lloyds Banking Group PLC and gave the company a “neutral” rating in a research report on Friday, July 8th. BNP Paribas reissued an “underperform” rating and set a GBX 55 ($0.68) target price on shares of Lloyds Banking Group PLC in a research report on Thursday, July 21st. Morgan Stanley set a GBX 70 ($0.87) target price on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Friday, July 29th. Barclays PLC reissued an “equal weight” rating and set a GBX 65 ($0.80) target price on shares of Lloyds Banking Group PLC in a research report on Tuesday, July 12th. Finally, HSBC set a GBX 60 ($0.74) target price on shares of Lloyds Banking Group PLC and gave the company a “neutral” rating in a research report on Wednesday, July 13th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Lloyds Banking Group PLC presently has an average rating of “Hold” and an average price target of GBX 69.39 ($0.86).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 53.30 on Monday. The firm’s 50 day moving average is GBX 56.70 and its 200-day moving average is GBX 61.09. The company’s market cap is GBX 30.92 billion. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 78.02.
The business also recently announced a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were given a GBX 0.85 ($0.01) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.62%.
In related news, insider Horta-Osorio,Antonio bought 3,330 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was purchased at an average cost of GBX 57 ($0.71) per share, with a total value of £1,898.10 ($2,349.13).
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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