Lloyds Banking Group PLC’s (LLOY) “Underperform” Rating Reiterated at BNP Paribas
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “underperform” rating reaffirmed by stock analysts at BNP Paribas in a report issued on Tuesday. They presently have a GBX 52 ($0.68) target price on the financial services provider’s stock. BNP Paribas’ target price would suggest a potential downside of 4.95% from the company’s current price.
LLOY has been the topic of a number of other reports. Societe Generale reiterated a “buy” rating and set a GBX 70 ($0.91) price target on shares of Lloyds Banking Group PLC in a research report on Monday, June 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 70 ($0.91) price target on shares of Lloyds Banking Group PLC in a research report on Tuesday. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 83 ($1.08) price target on shares of Lloyds Banking Group PLC in a research report on Wednesday, June 15th. Barclays PLC cut shares of Lloyds Banking Group PLC to a ” equal-weight” rating and set a GBX 65 ($0.85) price target on the stock. in a research report on Monday, June 27th. Finally, Citigroup Inc. set a GBX 50 ($0.65) price target on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. Lloyds Banking Group PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 69.58 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) opened at 55.48 on Tuesday. The company’s 50 day moving average is GBX 56.87 and its 200-day moving average is GBX 61.72. The firm’s market cap is GBX 32.19 billion. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 78.02.
The firm also recently declared a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 11th were issued a GBX 0.85 ($0.01) dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.62%.
In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio purchased 3,330 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average cost of GBX 57 ($0.74) per share, with a total value of £1,898.10 ($2,477.61).
Lloyds Banking Group PLC Company Profile
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.
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