Lloyds Banking Group PLC’s (LLOY) Hold Rating Reiterated at Deutsche Bank AG
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank AG in a research report issued on Thursday. They presently have a GBX 59 ($0.73) target price on the financial services provider’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 11.26% from the stock’s previous close.
Other research analysts have also issued reports about the company. Societe Generale reissued a “buy” rating and set a GBX 70 ($0.87) target price on shares of Lloyds Banking Group PLC in a report on Monday, June 27th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 83 ($1.03) target price on shares of Lloyds Banking Group PLC in a report on Wednesday, June 15th. Barclays PLC lowered Lloyds Banking Group PLC to a ” equal-weight” rating and set a GBX 65 ($0.80) target price on the stock. in a report on Monday, June 27th. BNP Paribas reissued an “underperform” rating and set a GBX 70 ($0.87) target price on shares of Lloyds Banking Group PLC in a report on Tuesday, June 21st. Finally, Citigroup Inc. set a GBX 50 ($0.62) target price on Lloyds Banking Group PLC and gave the stock a “sell” rating in a report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, eight have issued 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 69.39 ($0.86).
Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 52.64 on Thursday. The firm’s market cap is GBX 30.54 billion. The stock has a 50 day moving average of GBX 56.63 and a 200 day moving average of GBX 61.03. Lloyds Banking Group PLC has a 52 week low of GBX 47.10 and a 52 week high of GBX 78.02.
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The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.62%.
In other news, insider Horta-Osorio,Antonio acquired 3,330 shares of Lloyds Banking Group PLC stock in a transaction on Friday, September 16th. The stock was 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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