Lloyds Banking Group PLC’s (LLOY) Overweight Rating Reiterated at J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their overweight rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report released on Tuesday. The brokerage currently has a GBX 83 ($1.12) price objective on the financial services provider’s stock.
A number of other brokerages also recently commented on LLOY. Deutsche Bank AG set a GBX 79 ($1.07) price objective on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and set a GBX 58 ($0.78) target price on shares of Lloyds Banking Group PLC in a report on Tuesday, May 30th. HSBC Holdings plc reaffirmed a buy rating and set a GBX 76 ($1.02) target price on shares of Lloyds Banking Group PLC in a report on Thursday, June 8th. Jefferies Group LLC reaffirmed a buy rating and set a GBX 86 ($1.16) target price on shares of Lloyds Banking Group PLC in a report on Monday, June 12th. Finally, UBS AG set a GBX 85 ($1.15) target price on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 74.98 ($1.01).
Lloyds Banking Group PLC (LON:LLOY) opened at 67.09 on Tuesday. The stock’s 50 day moving average is GBX 64.91 and its 200-day moving average is GBX 67.08. The firm’s market cap is GBX 42.72 billion. Lloyds Banking Group PLC has a 12 month low of GBX 50.84 and a 12 month high of GBX 73.58.
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The business also recently disclosed a dividend, which will be paid on Wednesday, September 27th. Investors of record on Thursday, August 10th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.45%. The ex-dividend date is Thursday, August 10th.
In other Lloyds Banking Group PLC news, insider George Culmer bought 101,589 shares of Lloyds Banking Group PLC stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of GBX 66 ($0.89) per share, with a total value of £67,048.74 ($90,398.73). Also, insider Antonio Horta-Osorio bought 4,873 shares of Lloyds Banking Group PLC stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of GBX 66 ($0.89) per share, for a total transaction of £3,216.18 ($4,336.23). Insiders have acquired a total of 111,855 shares of company stock worth $7,387,115 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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