Lloyds Banking Group PLC (LYG) Shares Gap Up to $3.09
Lloyds Banking Group PLC (NYSE:LYG)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.02, but opened at $3.09. Lloyds Banking Group PLC shares last traded at $3.20, with a volume of 3,947,148 shares traded.
A number of equities analysts recently weighed in on LYG shares. Zacks Investment Research lowered shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Deutsche Bank AG restated a “buy” rating on shares of Lloyds Banking Group PLC in a report on Thursday, May 26th. Finally, Bank of America Corp. lowered shares of Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 82.08 ($1.08).
The stock has a market capitalization of $45.83 billion and a P/E ratio of 29.26. The firm has a 50-day moving average of $2.90 and a 200 day moving average of $3.63.
The business also recently declared a dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Friday, August 12th will be paid a $0.045 dividend. 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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