Lloyds Banking Group PLC (LLOY) Earns Buy Rating from Societe Generale
Several other brokerages have also commented on LLOY. J P Morgan Chase & Co set a GBX 83 ($1.07) price target on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Thursday, June 1st. Investec reiterated a buy rating and set a GBX 75 ($0.97) price target on shares of Lloyds Banking Group PLC in a research note on Tuesday, May 16th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a GBX 58 ($0.75) price target on shares of Lloyds Banking Group PLC in a research note on Thursday, August 24th. Deutsche Bank AG reiterated a buy rating and set a GBX 79 ($1.02) price target on shares of Lloyds Banking Group PLC in a research note on Wednesday, July 5th. Finally, Royal Bank Of Canada reiterated an outperform rating and set a GBX 90 ($1.16) price target on shares of Lloyds Banking Group PLC in a research note on Monday, September 4th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 75.26 ($0.97).
Lloyds Banking Group PLC (LLOY) opened at 66.40 on Monday. Lloyds Banking Group PLC has a 52-week low of GBX 50.84 and a 52-week high of GBX 73.58. The company has a 50 day moving average price of GBX 65.08 and a 200 day moving average price of GBX 67.16. The firm’s market capitalization is GBX 42.28 billion.
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The firm also recently declared a dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Thursday, August 10th will be issued a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.45%. The ex-dividend date is Thursday, August 10th.
In other news, insider Antonio Horta-Osorio acquired 4,873 shares of Lloyds Banking Group PLC stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of GBX 66 ($0.85) per share, with a total value of £3,216.18 ($4,153.66). Insiders have purchased 10,266 shares of company stock worth $682,241 in 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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