Lloyds Banking Group PLC (LLOY) Given Consensus Rating of “Buy” by Analysts
Shares of Lloyds Banking Group PLC (LON:LLOY) have received a consensus rating of “Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 75.88 ($0.99).
A number of brokerages have weighed in on LLOY. UBS AG set a GBX 85 ($1.10) target price on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Friday. Deutsche Bank AG set a GBX 79 ($1.03) target price on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Monday. J P Morgan Chase & Co set a GBX 83 ($1.08) target price on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a research note on Thursday, August 10th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 55 ($0.71) target price on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 2nd. Finally, Investec reaffirmed a “buy” rating and set a GBX 75 ($0.97) target price on shares of Lloyds Banking Group PLC in a research note on Friday, July 28th.
Lloyds Banking Group PLC (LLOY) traded down 0.76% during trading on Friday, reaching GBX 63.91. The company’s stock had a trading volume of 123,125,371 shares. Lloyds Banking Group PLC has a one year low of GBX 50.84 and a one year high of GBX 73.58. The firm’s market cap is GBX 40.69 billion. The company has a 50-day moving average of GBX 66.52 and a 200 day moving average of GBX 67.47.
The firm also recently announced a dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Thursday, August 10th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.45%.
In other news, insider Antonio Horta-Osorio purchased 4,873 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of GBX 66 ($0.86) per share, with a total value of £3,216.18 ($4,175.23). Over the last 90 days, insiders bought 10,242 shares of company stock worth $682,189.
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Lloyds Banking Group PLC Company Profile
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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