Lloyds Banking Group PLC (LLOY) Price Target Lowered to GBX 48 at Citigroup Inc.
Lloyds Banking Group PLC (LON:LLOY) had its target price dropped by investment analysts at Citigroup Inc. from GBX 53 ($0.69) to GBX 48 ($0.63) in a report released on Monday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Citigroup Inc.’s target price points to a potential downside of 6.87% from the company’s current price.
Several other analysts have also weighed in on LLOY. Deutsche Bank AG restated a “buy” rating and set a GBX 78 ($1.02) price target on shares of Lloyds Banking Group PLC in a report on Monday, June 13th. JPMorgan Chase & Co. set a GBX 90 ($1.17) price target on Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Monday, June 13th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 83 ($1.08) price target on shares of Lloyds Banking Group PLC in a report on Wednesday, June 15th. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Friday, June 17th. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a GBX 70 ($0.91) price objective on shares of Lloyds Banking Group PLC in a research report on Tuesday, June 21st. Five research 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’s stock. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 69.58 ($0.91).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 0.204% during trading on Monday, hitting GBX 52.393. 190,064,595 shares of the stock traded hands. The company’s market cap is GBX 30.40 billion. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 78.02. The stock has a 50-day moving average of GBX 56.79 and a 200 day moving average of GBX 61.42.
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The firm also recently disclosed a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 11th were issued a GBX 0.85 ($0.01) dividend. This represents a yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 11th.
In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio acquired 3,330 shares of the company’s stock in a transaction on Friday, September 16th. The shares were bought at an average cost of GBX 57 ($0.74) per share, with a total value of £1,898.10 ($2,477.61).
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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