Lloyds Banking Group PLC’s (LLOY) Hold Rating Reiterated at Deutsche Bank AG
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank AG in a research note issued on Thursday. They presently have a GBX 59 ($0.73) price target on the financial services provider’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 11.26% from the company’s current price.
A number of other brokerages have also recently weighed in on LLOY. RBC Capital Markets set a GBX 70 ($0.87) target price on shares of Lloyds Banking Group PLC and gave the stock a “buy” rating in a report on Monday, August 15th. Citigroup Inc. set a GBX 50 ($0.62) target price on shares of Lloyds Banking Group PLC and gave the stock a “sell” rating in a report on Thursday, July 28th. BNP Paribas reissued an “underperform” rating and set a GBX 55 ($0.68) target price on shares of Lloyds Banking Group PLC in a report on Monday, August 1st. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group PLC in a report on Thursday, July 28th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 65 ($0.80) target price on shares of Lloyds Banking Group PLC in a report on Thursday, October 6th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 69.39 ($0.86).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 52.64 on Thursday. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 78.02. The stock has a 50 day moving average of GBX 56.63 and a 200 day moving average of GBX 61.03. The stock’s market cap is GBX 30.54 billion.
The business also recently disclosed a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were paid a GBX 0.85 ($0.01) dividend. 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 dated Friday, September 16th. The shares were acquired at an average price 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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