Lloyds Banking Group PLC (LLOY) Stock Rating Reaffirmed by Deutsche Bank AG
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued on Thursday. They presently have a GBX 59 ($0.73) target price on the financial services provider’s stock. Deutsche Bank AG’s price objective points to a potential upside of 12.53% from the stock’s previous close.
Other analysts have also issued reports about the company. Barclays PLC lowered Lloyds Banking Group PLC to a ” equal-weight” rating and set a GBX 65 ($0.80) price objective on the stock. in a research note on Monday, June 27th. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 17th. Jefferies Group reiterated a “buy” rating and set a GBX 68 ($0.84) price objective on shares of Lloyds Banking Group PLC in a research note on Monday, June 27th. Societe Generale reiterated a “buy” rating and set a GBX 70 ($0.87) price objective on shares of Lloyds Banking Group PLC in a research note on Monday, June 27th. Finally, Morgan Stanley set a GBX 70 ($0.87) price objective on Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Thursday, June 30th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. Lloyds Banking Group PLC currently has an average rating of “Hold” and an average target price of GBX 69.39 ($0.86).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 52.55 on Thursday. The firm’s 50-day moving average is GBX 56.35 and its 200-day moving average is GBX 60.89. 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 cap is GBX 30.49 billion.
The company also recently declared a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were paid a GBX 0.85 ($0.01) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.62%.
In other news, insider Horta-Osorio,Antonio purchased 3,330 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of GBX 57 ($0.71) per share, for a total transaction 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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