Macquarie Reaffirms “Outperform” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reaffirmed by investment analysts at Macquarie in a note issued to investors on Tuesday.
Several other equities research analysts have also recently commented on LLOY. Goldman Sachs Group Inc reaffirmed a “sell” rating and set a GBX 60 ($0.74) target price on shares of Lloyds Banking Group PLC in a research note on Wednesday, March 8th. Morgan Stanley set a GBX 80 ($0.99) target price on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research note on Thursday, February 16th. Beaufort Securities reaffirmed a “buy” rating and set a GBX 80 ($0.99) target price on shares of Lloyds Banking Group PLC in a research note on Thursday, February 23rd. Deutsche Bank AG raised their target price on Lloyds Banking Group PLC from GBX 58 ($0.72) to GBX 58 ($0.72) and gave the stock a “hold” rating in a research note on Friday, January 13th. Finally, JPMorgan Chase & Co. raised their target price on Lloyds Banking Group PLC from GBX 70 ($0.86) to GBX 75 ($0.93) and gave the stock an “overweight” rating in a research note on Friday, January 20th. Five analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 69.48 ($0.86).
Lloyds Banking Group PLC (LON:LLOY) opened at 69.80 on Tuesday. The firm’s 50 day moving average price is GBX 67.49 and its 200 day moving average price is GBX 61.47. The firm’s market cap is GBX 49.28 billion. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 74.00.
The company also recently announced a dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Thursday, April 6th will be given a GBX 2.20 ($0.03) dividend. This is an increase from Lloyds Banking Group PLC’s previous dividend of $0.85. This represents a yield of 3.17%. The ex-dividend date is Thursday, April 6th.
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In other Lloyds Banking Group PLC news, insider George Culmer sold 145,828 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of GBX 69 ($0.85), for a total value of £100,621.32 ($124,269.88). Insiders acquired 784 shares of company stock valued at $52,758 over the last three months.
About Lloyds Banking Group PLC
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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