Royal Bank Of Canada Reiterates “Outperform” Rating for Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. They presently have a GBX 70 ($0.91) target price on the financial services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 27.95% from the company’s current price.
Other research analysts have also issued research reports about the company. RBC Capital Markets set a GBX 70 ($0.91) price target on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research note on Monday, August 15th. Citigroup Inc. set a GBX 50 ($0.65) price target on Lloyds Banking Group PLC and gave the stock a “sell” rating in a research note on Thursday, July 28th. BNP Paribas reissued an “underperform” rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group PLC in a research note on Monday, August 1st. Deutsche Bank AG reissued a “buy” rating and set a GBX 63 ($0.82) price target (down previously from GBX 78 ($1.02)) on shares of Lloyds Banking Group PLC in a research note on Sunday, June 26th. Finally, Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 69.58 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 54.71 on Tuesday. The firm has a 50 day moving average price of GBX 56.87 and a 200 day moving average price of GBX 61.72. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 78.02. The stock’s market capitalization is GBX 31.74 billion.
The business also recently disclosed a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 11th were paid a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 1.62%.
In related news, insider Horta-Osorio,Antonio acquired 3,330 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average price of GBX 57 ($0.74) per share, for a total transaction 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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