Lloyds Banking Group PLC (LLOY) Rating Reiterated by Jefferies Group
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reaffirmed by Jefferies Group in a report issued on Tuesday. They currently have a GBX 67 ($0.83) target price on the financial services provider’s stock. Jefferies Group’s target price suggests a potential upside of 27.91% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating and set a GBX 63 ($0.78) target price (down from GBX 78 ($0.97)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Goldman Sachs Group Inc. set a GBX 53 ($0.66) target price on shares of Lloyds Banking Group PLC and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Societe Generale reiterated a “buy” rating and set a GBX 70 ($0.87) target price on shares of Lloyds Banking Group PLC in a research report on Sunday, July 3rd. Barclays PLC reiterated an “equal weight” rating and set a GBX 65 ($0.80) target price on shares of Lloyds Banking Group PLC in a research report on Thursday, October 6th. Finally, Independent Research GmbH set a GBX 50 ($0.62) target price on shares of Lloyds Banking Group PLC and gave the stock a “sell” rating in a research report on Friday, June 24th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 69.39 ($0.86).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 52.47 on Tuesday. The firm’s market cap is GBX 30.44 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’s 50 day moving average is GBX 56.83 and its 200-day moving average is GBX 61.17.
The firm also recently announced a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 11th were given a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.62%.
In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio bought 3,330 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average cost of GBX 57 ($0.71) per share, for a total transaction of £1,898.10 ($2,349.13).
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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