Royal Bank of Canada reiterated their outperform rating on shares of Lloyds Banking Group (LON:LLOY) in a research report released on Tuesday, February 5th. Royal Bank of Canada currently has a GBX 80 ($1.05) target price on the financial services provider’s stock.
Several other research analysts have also weighed in on the stock. Numis Securities began coverage on shares of Lloyds Banking Group in a research note on Tuesday, February 5th. They set a hold rating and a GBX 54 ($0.71) price objective on the stock. Morgan Stanley set a GBX 78 ($1.02) price objective on shares of Lloyds Banking Group and gave the stock a neutral rating in a research note on Monday, February 4th. Barclays reissued an overweight rating on shares of Lloyds Banking Group in a research note on Wednesday, January 30th. Goldman Sachs Group lifted their price objective on shares of Lloyds Banking Group from GBX 56 ($0.73) to GBX 57 ($0.74) and gave the stock a sell rating in a research note on Tuesday, January 29th. Finally, Credit Suisse Group reduced their price objective on shares of Lloyds Banking Group from GBX 90 ($1.18) to GBX 84 ($1.10) and set an outperform rating on the stock in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 72.50 ($0.95).
LLOY traded down GBX 0.69 ($0.01) during midday trading on Tuesday, hitting GBX 62.85 ($0.82). The company had a trading volume of 171,206,611 shares, compared to its average volume of 151,650,000. Lloyds Banking Group has a twelve month low of GBX 61.81 ($0.81) and a twelve month high of GBX 73.58 ($0.96).
The company also recently announced a dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, April 4th will be issued a dividend of GBX 2.14 ($0.03) per share. This represents a yield of 3.67%. This is an increase from Lloyds Banking Group’s previous dividend of $1.07. The ex-dividend date of this dividend is Thursday, April 4th.
In other news, insider James Lupton bought 200,000 shares of the stock in a transaction that occurred on Monday, December 17th. The shares were acquired at an average cost of GBX 52 ($0.68) per share, for a total transaction 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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