Lloyds Banking Group PLC (LLOY) Given “Outperform” Rating at Royal Bank Of Canada
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research 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 price target points to a potential upside of 33.33% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 63 ($0.82) price target (down from GBX 78 ($1.02)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Goldman Sachs Group Inc. set a GBX 53 ($0.69) price objective on shares of Lloyds Banking Group PLC and gave the company a “neutral” rating in a research note on Tuesday, August 9th. Societe Generale reissued a “buy” rating and issued a GBX 70 ($0.91) price objective on shares of Lloyds Banking Group PLC in a research note on Sunday, July 3rd. Independent Research GmbH set a GBX 50 ($0.65) price objective on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a research note on Friday, June 24th. Finally, Citigroup Inc. set a GBX 50 ($0.65) price objective on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a research note on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 69.58 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) traded down 4.53% on Tuesday, hitting GBX 52.50. The stock had a trading volume of 473,547,251 shares. The firm’s market capitalization is GBX 30.46 billion. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 78.02. The company’s 50 day moving average is GBX 56.79 and its 200-day moving average is GBX 61.42.
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The business also recently declared a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were issued a GBX 0.85 ($0.01) dividend. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, August 11th.
In related news, insider Horta-Osorio,Antonio purchased 3,377 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were purchased at an average price of GBX 56 ($0.73) per share, with a total value of £1,891.12 ($2,468.50).
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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