BNP Paribas reiterated their underperform rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note issued to investors on Wednesday, July 19th. BNP Paribas currently has a GBX 63 ($0.82) target price on the financial services provider’s stock.
Several other brokerages also recently issued reports on LLOY. Goldman Sachs Group, Inc. (The) reiterated a sell rating and issued a GBX 58 ($0.76) price target on shares of Lloyds Banking Group PLC in a report on Thursday, June 22nd. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group PLC in a report on Wednesday, May 3rd. Royal Bank Of Canada set a GBX 90 ($1.17) price target on Lloyds Banking Group PLC and gave the company a buy rating in a report on Thursday, April 27th. Barclays PLC reiterated an overweight rating and issued a GBX 77 ($1.00) price target on shares of Lloyds Banking Group PLC in a report on Wednesday, June 28th. Finally, Jefferies Group LLC increased their price target on Lloyds Banking Group PLC from GBX 82 ($1.07) to GBX 86 ($1.12) and gave the company a buy rating in a report on Monday, April 3rd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. Lloyds Banking Group PLC has a consensus rating of Buy and an average price target of GBX 75.26 ($0.98).
Lloyds Banking Group PLC (LON LLOY) opened at 66.50 on Wednesday. Lloyds Banking Group PLC has a 12-month low of GBX 50.68 and a 12-month high of GBX 73.58. The company has a 50-day moving average price of GBX 67.35 and a 200-day moving average price of GBX 67.46. The stock’s market capitalization is GBX 52.66 billion.
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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 paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.45%.
In related news, insider Antonio Horta-Osorio acquired 4,784 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were acquired at an average price of GBX 67 ($0.87) per share, for a total transaction of £3,205.28 ($4,175.72). Insiders have purchased 55,580 shares of company stock worth $3,975,500 in the last quarter.
Lloyds Banking Group PLC Company Profile
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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