Lloyds Banking Group PLC’s (LLOY) “Underperform” Rating Reaffirmed at BNP Paribas
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “underperform” rating restated by equities researchers at BNP Paribas in a research report issued on Tuesday. They presently have a GBX 52 ($0.68) target price on the financial services provider’s stock. BNP Paribas’ target price indicates a potential downside of 0.95% from the stock’s previous close.
A number of other brokerages also recently weighed in on LLOY. Independent Research GmbH set a GBX 50 ($0.65) price target on shares of Lloyds Banking Group PLC and gave the stock a “sell” rating in a report on Friday, June 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 90 ($1.17) price objective on shares of Lloyds Banking Group PLC in a research note on Thursday, June 23rd. Morgan Stanley set a GBX 90 ($1.17) price objective on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Wednesday, June 8th. Deutsche Bank AG reissued 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. Finally, Goldman Sachs Group Inc. reissued 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. Five equities 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 presently has an average rating of “Hold” and a consensus price target of GBX 69.58 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) traded down 4.53% during midday trading on Tuesday, hitting GBX 52.50. 473,547,251 shares of the company traded hands. The stock’s 50-day moving average price is GBX 56.79 and its 200 day moving average price is GBX 61.42. The company’s market capitalization is GBX 30.46 billion. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 78.02.
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The business also recently announced a dividend, which was paid on Wednesday, September 28th. Shareholders 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 acquired 3,377 shares of the stock in a transaction dated Monday, July 18th. The stock was purchased at an average cost of GBX 56 ($0.73) per share, for a total transaction of £1,891.12 ($2,468.50).
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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