Lloyds Banking Group PLC’s (LLOY) “Sell” Rating Reiterated at Goldman Sachs Group, Inc. (The)
Other equities research analysts have also recently issued research reports about the stock. UBS AG set a GBX 85 ($1.15) price target on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Wednesday, June 28th. Deutsche Bank AG restated a buy rating and issued a GBX 73 ($0.98) target price on shares of Lloyds Banking Group PLC in a report on Tuesday, September 19th. J P Morgan Chase & Co set a GBX 83 ($1.12) price target on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a research note on Thursday, June 1st. BNP Paribas reiterated an underperform rating and set a GBX 63 ($0.85) price target on shares of Lloyds Banking Group PLC in a research note on Wednesday, July 19th. Finally, Berenberg Bank reiterated a sell rating and set a GBX 55 ($0.74) price target on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 74.98 ($1.01).
Lloyds Banking Group PLC (LON:LLOY) opened at 66.52 on Friday. Lloyds Banking Group PLC has a 1-year low of GBX 50.84 and a 1-year high of GBX 73.58. The firm’s 50-day moving average price is GBX 64.91 and its 200-day moving average price is GBX 67.08. The firm’s market cap is GBX 42.35 billion.
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The company also recently declared a dividend, which will be paid on Wednesday, September 27th. Investors of record on Thursday, August 10th will be paid a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 1.45%.
In other Lloyds Banking Group PLC news, insider Antonio Horta-Osorio bought 4,873 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of GBX 66 ($0.89) per share, with a total value of £3,216.18 ($4,336.23). Also, insider George Culmer bought 101,589 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of GBX 66 ($0.89) per share, for a total transaction of £67,048.74 ($90,398.73). In the last three months, insiders have acquired 111,855 shares of company stock worth $7,387,115.
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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