Goldman Sachs Group, Inc. (The) set a GBX 56 ($0.74) price objective on Lloyds Banking Group PLC (LON:LLOY) in a report published on Monday, October 9th. The brokerage currently has a sell rating on the financial services provider’s stock.
Other analysts also recently issued research reports about the stock. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group PLC in a report on Thursday, July 27th. Investec reaffirmed a buy rating and issued a GBX 75 ($1.00) target price on shares of Lloyds Banking Group PLC in a report on Wednesday, June 14th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 86 ($1.14) target price on shares of Lloyds Banking Group PLC in a report on Monday, June 12th. UBS AG set a GBX 85 ($1.13) price objective on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a report on Wednesday, June 28th. Finally, Morgan Stanley set a GBX 85 ($1.13) price objective on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. Lloyds Banking Group PLC has a consensus rating of Buy and a consensus price target of GBX 75.02 ($1.00).
Lloyds Banking Group PLC (LLOY) opened at 66.30 on Monday. The company’s market cap is GBX 42.21 billion. Lloyds Banking Group PLC has a 12 month low of GBX 51.85 and a 12 month high of GBX 73.58. The stock has a 50 day moving average price of GBX 65.57 and a 200 day moving average price of GBX 66.85.
The business also recently disclosed a dividend, which was paid on Wednesday, September 27th. Shareholders of record on Thursday, August 10th were paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date was Thursday, August 10th. This represents a yield of 1.45%.
In other Lloyds Banking Group PLC news, insider George Culmer bought 101,589 shares of the company’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of GBX 66 ($0.88) per share, with a total value of £67,048.74 ($89,089.48). Also, insider Antonio Horta-Osorio bought 4,873 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of GBX 66 ($0.88) per share, for a total transaction of £3,216.18 ($4,273.43). Insiders have acquired a total of 107,071 shares of company stock worth $7,066,587 over the last quarter.
About Lloyds Banking Group PLC
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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