Lloyds Banking Group PLC (LYG) Shares Gap Up to $3.09
Lloyds Banking Group PLC (NYSE:LYG) shares 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.
Several research analysts recently weighed in on the company. Investec raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a report on Tuesday. Beaufort Securities reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, August 3rd. Berenberg Bank upgraded Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Macquarie upgraded Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 82.08 ($1.08).
The firm has a market cap of $45.40 billion and a PE ratio of 28.98. The stock has a 50-day moving average price of $2.93 and a 200 day moving average price of $3.62.
The company also recently announced a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Friday, August 12th will be given a dividend of $0.045 per share. 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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