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).