Trading Report: The Citigroup Inc. Trims Lloyds Banking Group PLC (LLOY) Target Price to GBX 48

The Citigroup Inc. Trims Lloyds Banking Group PLC (LLOY) Target Price to GBX 48

Lloyds Banking Group PLC (LON:LLOY) had its target price cut by Citigroup Inc. from GBX 53 ($0.66) to GBX 48 ($0.59) in a research report sent to investors on Monday morning. They currently have a sell rating on the financial services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank AG reiterated a buy rating and set a GBX 63 ($0.78) target price (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 target on shares of Lloyds Banking Group PLC and gave the stock a neutral rating in a report on Tuesday, August 9th. Societe Generale reissued a buy rating and issued a GBX 70 ($0.87) price target on shares of Lloyds Banking Group PLC in a report on Sunday, July 3rd. Barclays PLC reissued an equal weight rating and issued a GBX 65 ($0.80) price target on shares of Lloyds Banking Group PLC in a report on Thursday, October 6th. Finally, Independent Research GmbH set a GBX 50 ($0.62) price target on shares of Lloyds Banking Group PLC and gave the stock a sell rating in a report on Friday, June 24th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. Lloyds Banking Group PLC has an average rating of Hold and a consensus price target of GBX 69.39 ($0.86).

Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 53.09 on Monday. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 78.02. The firm’s 50-day moving average is GBX 56.49 and its 200-day moving average is GBX 60.97. The company’s market capitalization is GBX 30.80 billion.

The business also recently disclosed a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 11th were paid a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.62%.

In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio purchased 3,330 shares of the company’s stock in a transaction 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).

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