Citigroup Reaffirms “Neutral” Rating for Lloyds Banking Group (LLOY)

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Citigroup reissued their neutral rating on shares of Lloyds Banking Group (LON:LLOY) in a research note released on Wednesday morning.

LLOY has been the topic of several other research reports. Goldman Sachs Group boosted their price target on shares of Lloyds Banking Group from GBX 53 ($0.68) to GBX 58 ($0.75) and gave the company a sell rating in a report on Monday, May 28th. JPMorgan Chase & Co. set a GBX 85 ($1.10) target price on shares of Lloyds Banking Group and gave the company a buy rating in a research note on Wednesday, August 1st. Credit Suisse Group restated an outperform rating on shares of Lloyds Banking Group in a research note on Thursday, May 17th. HSBC reduced their target price on shares of Lloyds Banking Group from GBX 72 ($0.93) to GBX 70 ($0.90) and set a hold rating on the stock in a research note on Wednesday, June 20th. Finally, Deutsche Bank reduced their target price on shares of Lloyds Banking Group from GBX 76 ($0.98) to GBX 62.40 ($0.80) and set a buy rating on the stock in a research note on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 75.48 ($0.97).

Shares of Lloyds Banking Group stock opened at GBX 58.74 ($0.76) on Wednesday. Lloyds Banking Group has a 52-week low of GBX 61.81 ($0.80) and a 52-week high of GBX 73.58 ($0.95).

The business also recently declared a dividend, which will be paid on Wednesday, September 26th. Investors of record on Thursday, August 16th will be given a dividend of GBX 1.07 ($0.01) per share. The ex-dividend date is Thursday, August 16th. This represents a yield of 1.69%.

In related news, insider Antonio Horta-Osorio sold 221,307 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of GBX 63 ($0.81), for a total transaction of £139,423.41 ($179,854.76).

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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