Lloyds Banking Group PLC’s (LLOY) “Overweight” Rating Reiterated at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report released on Thursday, October 5th. Barclays PLC currently has a GBX 77 ($1.01) price objective on the financial services provider’s stock.
Other equities research analysts also recently issued reports about the company. UBS AG set a GBX 85 ($1.12) price objective on Lloyds Banking Group PLC and gave the stock a buy rating in a report on Wednesday, June 28th. Deutsche Bank AG reiterated a buy rating and issued a GBX 73 ($0.96) price target on shares of Lloyds Banking Group PLC in a report on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and issued a GBX 58 ($0.76) price target on shares of Lloyds Banking Group PLC in a report on Monday, June 12th. BNP Paribas reiterated an underperform rating and issued a GBX 63 ($0.83) price target on shares of Lloyds Banking Group PLC in a report on Wednesday, July 19th. Finally, Berenberg Bank reiterated a sell rating and issued a GBX 55 ($0.72) price target on shares of Lloyds Banking Group PLC in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 75.02 ($0.99).
Shares of Lloyds Banking Group PLC (LON LLOY) traded down 0.60% during midday trading on Thursday, hitting GBX 65.90. 102,670,510 shares of the stock traded hands. The stock’s market cap is GBX 41.96 billion. The company’s 50 day moving average price is GBX 65.52 and its 200-day moving average price is GBX 66.89. Lloyds Banking Group PLC has a 12-month low of GBX 51.85 and a 12-month high of GBX 73.58.
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The firm also recently declared a dividend, which was paid on Wednesday, September 27th. Investors of record on Thursday, August 10th were issued 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 related news, insider Antonio Horta-Osorio purchased 4,873 shares of Lloyds Banking Group PLC stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of GBX 66 ($0.87) per share, for a total transaction of £3,216.18 ($4,228.48). Also, insider George Culmer purchased 101,589 shares of Lloyds Banking Group PLC stock in a transaction dated Monday, September 18th. The stock was bought at an average price of GBX 66 ($0.87) per share, for a total transaction of £67,048.74 ($88,152.43). Insiders have purchased a total of 111,855 shares of company stock valued at $7,387,115 over the last ninety days.
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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