Lloyds Banking Group PLC (LLOY) Receives Outperform Rating from Macquarie
Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reissued by research analysts at Macquarie in a report issued on Tuesday.
Several other equities research analysts have also recently issued reports on LLOY. Morgan Stanley set a GBX 80 ($1.01) price objective on Lloyds Banking Group PLC and gave the stock a “buy” rating in a report on Thursday, February 16th. Beaufort Securities reiterated a “buy” rating and issued a GBX 80 ($1.01) price objective on shares of Lloyds Banking Group PLC in a report on Thursday, February 23rd. Deutsche Bank AG lifted their price objective on Lloyds Banking Group PLC from GBX 58 ($0.73) to GBX 58 ($0.73) and gave the stock a “hold” rating in a report on Friday, January 13th. JPMorgan Chase & Co. lifted their price objective on Lloyds Banking Group PLC from GBX 70 ($0.88) to GBX 75 ($0.94) and gave the stock an “overweight” rating in a report on Friday, January 20th. Finally, Credit Suisse Group AG lifted their price objective on Lloyds Banking Group PLC from GBX 65 ($0.82) to GBX 68 ($0.86) and gave the stock a “neutral” rating in a report on Thursday, February 16th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 70.09 ($0.88).
Lloyds Banking Group PLC (LON:LLOY) opened at 64.37 on Tuesday. The firm’s 50 day moving average price is GBX 66.36 and its 200-day moving average price is GBX 62.72. The company’s market capitalization is GBX 45.45 billion. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 74.00.
The business also recently disclosed a dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Thursday, April 6th will be paid a GBX 2.20 ($0.03) dividend. This represents a yield of 3.17%. The ex-dividend date is Thursday, April 6th. This is an increase from Lloyds Banking Group PLC’s previous dividend of $0.85.
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In related news, insider Antonio Horta-Osorio acquired 5,107 shares of the firm’s stock in a transaction on Tuesday, April 18th. The stock was bought at an average price of GBX 63 ($0.79) per share, for a total transaction of £3,217.41 ($4,049.60). Also, insider George Culmer sold 145,828 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of GBX 69 ($0.87), for a total transaction of £100,621.32 ($126,647.35). Insiders acquired 5,699 shares of company stock valued at $362,019 in the last 90 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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