Lloyds Banking Group PLC (LLOY) Given a GBX 90 Price Target by Royal Bank of Canada Analysts
Royal Bank of Canada set a GBX 90 ($1.13) price objective on Lloyds Banking Group PLC (LON:LLOY) in a report issued on Monday. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other analysts have also recently issued reports on LLOY. Morgan Stanley set a GBX 80 ($1.01) price target on shares of Lloyds Banking Group PLC and gave the stock a buy rating in a research report on Thursday, February 16th. Beaufort Securities reissued a buy rating and set a GBX 80 ($1.01) price target on shares of Lloyds Banking Group PLC in a research report on Thursday, February 23rd. Deutsche Bank AG increased their price target on shares of Lloyds Banking Group PLC from GBX 58 ($0.73) to GBX 58 ($0.73) and gave the stock a hold rating in a research report on Friday, January 13th. JPMorgan Chase & Co. increased their price target on shares of Lloyds Banking Group PLC from GBX 70 ($0.88) to GBX 75 ($0.94) and gave the stock an overweight rating in a research report on Friday, January 20th. Finally, Credit Suisse Group AG increased their price target on shares of Lloyds Banking Group PLC from GBX 65 ($0.82) to GBX 68 ($0.86) and gave the stock a neutral rating in a research report on Thursday, February 16th. Six 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. Lloyds Banking Group PLC has an average rating of Hold and an average target price of GBX 70.09 ($0.88).
Lloyds Banking Group PLC (LON:LLOY) traded up 0.48% during mid-day trading on Monday, reaching GBX 64.37. 222,720,686 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 74.00. The stock has a 50-day moving average price of GBX 66.36 and a 200-day moving average price of GBX 62.72. The stock’s market capitalization is GBX 45.45 billion.
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The company also recently disclosed a dividend, which will be paid on Tuesday, May 16th. Investors of record on Thursday, April 6th will be given a GBX 2.20 ($0.03) dividend. This represents a yield of 3.17%. This is a positive change from Lloyds Banking Group PLC’s previous dividend of $0.85. The ex-dividend date of this dividend is Thursday, April 6th.
In related news, insider George Culmer sold 145,828 shares of Lloyds Banking Group PLC stock in a transaction on Monday, March 6th. The shares were sold at an average price of GBX 69 ($0.87), for a total value of £100,621.32 ($126,647.35). Also, insider Antonio Horta-Osorio acquired 5,107 shares of the stock in a transaction that occurred on Tuesday, April 18th. The stock was purchased at an average price of GBX 63 ($0.79) per share, for a total transaction of £3,217.41 ($4,049.60). Over the last quarter, insiders purchased 5,699 shares of company stock worth $362,019.
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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