Lloyds Banking Group PLC (LON:LLOY) had its target price reduced by stock analysts at Citigroup Inc. from GBX 53 ($0.66) to GBX 48 ($0.59) in a research note issued on Monday. The firm presently has a “sell” rating on the financial services provider’s stock. Citigroup Inc.’s price objective would indicate a potential downside of 6.87% from the company’s current price.

Several other research firms also recently issued reports on LLOY. RBC Capital Markets set a GBX 70 ($0.87) price target on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research note on Monday, August 15th. BNP Paribas restated an “underperform” rating and set a GBX 55 ($0.68) target price on shares of Lloyds Banking Group PLC in a research note on Monday, August 1st. Deutsche Bank AG restated a “buy” rating and set a GBX 63 ($0.78) target price (down previously from GBX 78 ($0.97)) on shares of Lloyds Banking Group PLC in a research note on Sunday, June 26th. Shore Capital restated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 28th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 65 ($0.80) target price on shares of Lloyds Banking Group PLC in a research note on Thursday. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 69.39 ($0.86).

Analyst Recommendations for Lloyds Banking Group PLC (LON:LLOY)

Lloyds Banking Group PLC (LON:LLOY) traded down 0.23% on Monday, reaching GBX 52.38. The company had a trading volume of 261,283,857 shares. The company has a 50-day moving average of GBX 56.79 and a 200 day moving average of GBX 61.42. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 78.02. The stock’s market cap is GBX 30.39 billion.

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The company also recently declared a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th were paid a GBX 0.85 ($0.01) dividend. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 11th.

In other news, insider Horta-Osorio,Antonio purchased 3,330 shares of the company’s stock in a transaction on Friday, September 16th. The shares were purchased at an average price of GBX 57 ($0.71) per share, with a total value 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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