Morgan Stanley set a GBX 78 ($1.02) price objective on Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Monday, February 4th. The firm currently has a neutral rating on the financial services provider’s stock.
Several other research firms have also issued reports on LLOY. Credit Suisse Group reissued an outperform rating on shares of Lloyds Banking Group in a report on Thursday, November 15th. UBS Group set a GBX 80 ($1.05) target price on shares of Lloyds Banking Group and gave the company a buy rating in a report on Wednesday, October 17th. Royal Bank of Canada set a GBX 80 ($1.05) price target on Lloyds Banking Group and gave the stock a buy rating in a research report on Thursday, December 20th. JPMorgan Chase & Co. set a GBX 85 ($1.11) target price on Lloyds Banking Group and gave the stock a buy rating in a research report on Thursday, October 25th. Finally, Goldman Sachs Group set a GBX 56 ($0.73) target price on Lloyds Banking Group and gave the stock a sell rating in a research report on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 72.50 ($0.95).
LLOY traded down GBX 0.69 ($0.01) during midday trading on Monday, hitting GBX 62.85 ($0.82). 171,206,611 shares of the company traded hands, compared to its average volume of 151,650,000. Lloyds Banking Group has a 52 week low of GBX 61.81 ($0.81) and a 52 week high of GBX 73.58 ($0.96).
The firm also recently declared a dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, April 4th will be paid a GBX 2.14 ($0.03) dividend. This represents a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Lloyds Banking Group’s previous dividend of $1.07.
In other Lloyds Banking Group news, insider James Lupton purchased 200,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were acquired at an average price of GBX 52 ($0.68) per share, with a total value of £104,000 ($135,894.42).
Lloyds Banking Group Company Profile
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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