Lloyds Banking Group PLC (LLOY) Rating Reiterated by Jefferies Group
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group in a research note issued to investors on Tuesday. They currently have a GBX 67 ($0.83) price objective on the financial services provider’s stock. Jefferies Group’s price target suggests a potential upside of 27.91% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on LLOY. Deutsche Bank AG reiterated a “buy” rating and set a GBX 78 ($0.97) price target on shares of Lloyds Banking Group PLC in a research report on Monday, June 13th. JPMorgan Chase & Co. set a GBX 90 ($1.11) price target on Lloyds Banking Group PLC and gave the company a “buy” rating in a research report on Monday, June 13th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 83 ($1.03) price target on shares of Lloyds Banking Group PLC in a research report on Wednesday, June 15th. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Friday, June 17th. Finally, BNP Paribas reiterated an “underperform” rating and set a GBX 70 ($0.87) price target 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 issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 69.39 ($0.86).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 52.47 on Tuesday. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 78.02. The company’s 50-day moving average is GBX 56.83 and its 200 day moving average is GBX 61.17. The firm’s market capitalization is GBX 30.44 billion.
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The firm also recently declared a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 11th were issued a GBX 0.85 ($0.01) dividend. 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 purchased 3,330 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average cost 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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