Lloyds Banking Group plc (LON:LLOY) Receives GBX 55.33 Consensus Price Target from Analysts

Lloyds Banking Group plc (LON:LLOY) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 55.33 ($0.70).

A number of brokerages recently weighed in on LLOY. Jefferies Financial Group restated a “buy” rating and set a GBX 59 ($0.74) price objective on shares of Lloyds Banking Group in a research report on Friday, February 16th. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, April 24th. Berenberg Bank boosted their price target on Lloyds Banking Group from GBX 55 ($0.69) to GBX 58 ($0.73) and gave the company a “hold” rating in a research note on Thursday, February 22nd. Peel Hunt started coverage on shares of Lloyds Banking Group in a research note on Friday, April 19th. They issued a “hold” rating and a GBX 55 ($0.69) price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 41 ($0.52) to GBX 45 ($0.57) and gave the company an “underweight” rating in a research report on Tuesday, April 9th.

Insider Buying and Selling

In other Lloyds Banking Group news, insider Robin Budenberg purchased 1,000,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of GBX 45 ($0.57) per share, with a total value of £450,000 ($565,326.63). In related news, insider Robin Budenberg purchased 1,000,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of GBX 45 ($0.57) per share, for a total transaction of £450,000 ($565,326.63). Also, insider William Chalmers acquired 128,118 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of GBX 52 ($0.65) per share, with a total value of £66,621.36 ($83,695.18). 0.20% of the stock is currently owned by insiders.

Lloyds Banking Group Stock Performance

LLOY opened at GBX 54.06 ($0.68) on Friday. The company’s 50-day simple moving average is GBX 50.82 and its two-hundred day simple moving average is GBX 46.33. The stock has a market capitalization of £34.13 billion, a P/E ratio of 770.57, a P/E/G ratio of 1.77 and a beta of 1.24. Lloyds Banking Group has a 52-week low of GBX 39.42 ($0.50) and a 52-week high of GBX 54.44 ($0.68).

Lloyds Banking Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 1.84 ($0.02) per share. This represents a dividend yield of 4.25%. This is an increase from Lloyds Banking Group’s previous dividend of $0.92. The ex-dividend date of this dividend is Thursday, April 11th. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 4,285.71%.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.