Lloyds Banking Group PLC (LLOY) Rating Reiterated by Barclays PLC
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “equal weight” rating restated by analysts at Barclays PLC in a research report issued to clients and investors on Thursday. They presently have a GBX 65 ($0.85) target price on the financial services provider’s stock. Barclays PLC’s price target suggests a potential upside of 18.83% from the company’s previous close.
A number of other equities analysts also recently issued reports on LLOY. Morgan Stanley set a GBX 90 ($1.17) price target on Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Wednesday, June 8th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 78 ($1.02) price objective on shares of Lloyds Banking Group PLC in a research note on Monday, June 13th. JPMorgan Chase & Co. set a GBX 90 ($1.17) price objective on Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Monday, June 13th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 83 ($1.08) price objective on shares of Lloyds Banking Group PLC in a research note on Wednesday, June 15th. Finally, Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 17th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Lloyds Banking Group PLC currently has an average rating of “Hold” and a consensus price target of GBX 69.58 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) opened at 55.21 on Thursday. The stock’s market capitalization is GBX 32.03 billion. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 78.02. The company has a 50 day moving average of GBX 56.82 and a 200 day moving average of GBX 61.51.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th were paid a dividend of GBX 0.85 ($0.01) per share. 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 acquired 3,330 shares of the stock in a transaction on Friday, September 16th. The stock was purchased at an average price of GBX 57 ($0.74) per share, for a total transaction of £1,898.10 ($2,477.61).
About Lloyds Banking Group PLC
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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