Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a GBX 70 ($0.91) target price on the financial services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 33.33% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 63 ($0.82) price target (down from GBX 78 ($1.02)) on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Goldman Sachs Group Inc. set a GBX 53 ($0.69) price objective on shares of Lloyds Banking Group PLC and gave the company a “neutral” rating in a research note on Tuesday, August 9th. Societe Generale reissued a “buy” rating and issued a GBX 70 ($0.91) price objective on shares of Lloyds Banking Group PLC in a research note on Sunday, July 3rd. Independent Research GmbH set a GBX 50 ($0.65) price objective on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a research note on Friday, June 24th. Finally, Citigroup Inc. set a GBX 50 ($0.65) price objective on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a research note on Thursday, July 28th. 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 stock. The company presently has an average rating of “Hold” and an average target price of GBX 69.58 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) traded down 4.53% on Tuesday, hitting GBX 52.50. The stock had a trading volume of 473,547,251 shares. The firm’s market capitalization is GBX 30.46 billion. Lloyds Banking Group PLC has a 1-year low of GBX 47.10 and a 1-year high of GBX 78.02. The company’s 50 day moving average is GBX 56.79 and its 200-day moving average is GBX 61.42.
The business also recently declared a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were issued a GBX 0.85 ($0.01) dividend. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, August 11th.
In related news, insider Horta-Osorio,Antonio purchased 3,377 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were purchased at an average price of GBX 56 ($0.73) per share, with a total value of £1,891.12 ($2,468.50).