Lloyds Banking Group (LLOY) Hits New 52-Week Low at $58.48
Lloyds Banking Group PLC (LON:LLOY) shares hit a new 52-week low on Monday . The stock traded as low as GBX 58.48 ($0.76) and last traded at GBX 59.29 ($0.77), with a volume of 129968076 shares trading hands. The stock had previously closed at GBX 58.88 ($0.77).
Several research analysts recently weighed in on the company. JPMorgan Chase & Co. set a GBX 85 ($1.11) target price on Lloyds Banking Group and gave the company a “buy” rating in a research note on Wednesday, August 1st. Goldman Sachs Group raised their target price on Lloyds Banking Group from GBX 53 ($0.69) to GBX 58 ($0.76) and gave the company a “sell” rating in a research note on Monday, May 28th. HSBC decreased their price target on Lloyds Banking Group from GBX 72 ($0.94) to GBX 70 ($0.91) and set a “hold” rating for the company in a research report on Wednesday, June 20th. Deutsche Bank decreased their price target on Lloyds Banking Group from GBX 76 ($0.99) to GBX 62.40 ($0.81) and set a “buy” rating for the company in a research report on Monday, July 16th. Finally, UBS Group set a GBX 80 ($1.04) price target on Lloyds Banking Group and gave the company a “buy” rating in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 75.43 ($0.98).
The business also recently declared a dividend, which will be paid on Wednesday, September 26th. Investors of record on Thursday, August 16th will be given a GBX 1.07 ($0.01) dividend. The ex-dividend date is Thursday, August 16th. This represents a dividend yield of 1.69%.
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.
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