Lloyds Banking Group (LON:LLOY) had its price target cut by Credit Suisse Group from GBX 84 ($1.10) to GBX 83 ($1.08) in a report released on Monday. They currently have an outperform rating on the financial services provider’s stock.
Other research analysts also recently issued reports about the company. UBS Group reaffirmed a buy rating and set a GBX 80 ($1.05) price target on shares of Lloyds Banking Group in a research note on Thursday, November 29th. Jefferies Financial Group upped their price target on Lloyds Banking Group from GBX 91 ($1.19) to GBX 99 ($1.29) and gave the stock a buy rating in a research note on Wednesday, November 21st. JPMorgan Chase & Co. set a GBX 85 ($1.11) price target on Lloyds Banking Group and gave the stock a buy rating in a research note on Monday, January 14th. Deutsche Bank dropped their price target on Lloyds Banking Group from GBX 77 ($1.01) to GBX 68 ($0.89) and set a buy rating on the stock in a research note on Friday, January 11th. Finally, Royal Bank of Canada set a GBX 80 ($1.05) price target on Lloyds Banking Group and gave the stock a buy rating in a research note on Tuesday, January 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 72.44 ($0.95).
Shares of LON:LLOY opened at GBX 62.64 ($0.82) on Monday. Lloyds Banking Group has a 1 year low of GBX 61.81 ($0.81) and a 1 year high of GBX 73.58 ($0.96).
The business also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, April 4th will be issued a dividend of GBX 2.14 ($0.03) per share. This is a positive change from Lloyds Banking Group’s previous dividend of $1.07. This represents a yield of 3.67%. The ex-dividend date is Thursday, April 4th.
In other Lloyds Banking Group news, insider James Lupton bought 200,000 shares of Lloyds Banking Group stock in a transaction dated Monday, December 17th. The stock was bought at an average cost of GBX 52 ($0.68) per share, with a total value of £104,000 ($135,894.42).
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. It 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, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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