UBS AG Reiterates “GBX 85” Price Target for Lloyds Banking Group PLC (LLOY)
UBS AG set a GBX 85 ($1.10) target price on Lloyds Banking Group PLC (LON:LLOY) in a research report report published on Friday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the financial services provider’s stock.
Several other analysts have also recently weighed in on the company. J P Morgan Chase & Co set a GBX 83 ($1.08) price target on Lloyds Banking Group PLC and gave the company a buy rating in a report on Thursday, June 1st. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group PLC in a report on Wednesday, May 3rd. HSBC Holdings plc raised their price target on Lloyds Banking Group PLC from GBX 75 ($0.97) to GBX 76 ($0.99) and gave the company a buy rating in a report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and issued a GBX 58 ($0.75) price target (down previously from GBX 58 ($0.75)) on shares of Lloyds Banking Group PLC in a report on Wednesday, May 10th. Finally, Citigroup Inc. raised their price target on Lloyds Banking Group PLC from GBX 55 ($0.71) to GBX 63 ($0.82) and gave the company a sell rating in a report on Tuesday, May 2nd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 75.26 ($0.98).
Lloyds Banking Group PLC (LLOY) opened at 63.91 on Friday. Lloyds Banking Group PLC has a 52-week low of GBX 50.84 and a 52-week high of GBX 73.58. The firm has a 50-day moving average price of GBX 66.52 and a 200-day moving average price of GBX 67.47. The company’s market cap is GBX 40.69 billion.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Thursday, August 10th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.45%.
In other news, insider Antonio Horta-Osorio bought 4,784 shares of the stock in a transaction dated Tuesday, July 18th. The stock was bought at an average price of GBX 67 ($0.87) per share, for a total transaction of £3,205.28 ($4,161.08). In the last 90 days, insiders bought 10,242 shares of company stock valued at $682,189.
About Lloyds Banking Group PLC
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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