Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a research report issued on Tuesday. They presently have a GBX 67 ($0.83) target price on the financial services provider’s stock. Jefferies Group’s price target would indicate a potential upside of 26.34% from the stock’s previous close.
Several other equities analysts have also commented on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 63 ($0.78) price target (down previously from GBX 78 ($0.97)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Goldman Sachs Group Inc. set a GBX 53 ($0.66) price objective on shares of Lloyds Banking Group PLC and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Societe Generale reissued a “buy” rating and issued a GBX 70 ($0.87) price objective on shares of Lloyds Banking Group PLC in a research report on Sunday, July 3rd. Barclays PLC reissued an “equal weight” rating and issued a GBX 65 ($0.80) price objective on shares of Lloyds Banking Group PLC in a research report on Thursday, October 6th. Finally, Citigroup Inc. dropped their price objective on shares of Lloyds Banking Group PLC from GBX 53 ($0.66) to GBX 48 ($0.59) and set a “sell” rating for the company in a research report on Monday. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 69.39 ($0.86).
Lloyds Banking Group PLC (LON:LLOY) opened at 53.00 on Tuesday. Lloyds Banking Group PLC has a 12 month low of GBX 47.10 and a 12 month high of GBX 78.02. The firm has a 50-day moving average of GBX 56.63 and a 200 day moving average of GBX 61.03. The stock’s market cap is GBX 30.75 billion.
The business also recently declared a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 11th were issued a dividend of GBX 0.85 ($0.01) per share. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 11th.
In related news, insider Horta-Osorio,Antonio purchased 3,330 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was acquired at an average cost of GBX 57 ($0.71) per share, for a total transaction of £1,898.10 ($2,349.13).