Goldman Sachs Group set a GBX 61 ($0.80) target price on Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
LLOY has been the topic of several other research reports. Berenberg Bank set a GBX 55 ($0.72) target price on Lloyds Banking Group and gave the company a neutral rating in a report on Thursday, August 1st. Bank of America reissued an underperform rating and issued a GBX 55 ($0.72) target price on shares of Lloyds Banking Group in a report on Tuesday, May 21st. JPMorgan Chase & Co. set a GBX 60 ($0.78) target price on Lloyds Banking Group and gave the company a neutral rating in a report on Wednesday, September 4th. UBS Group reissued a buy rating and issued a GBX 70 ($0.91) target price on shares of Lloyds Banking Group in a report on Tuesday, September 3rd. Finally, Shore Capital reissued a buy rating on shares of Lloyds Banking Group in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 66.56 ($0.87).
LON:LLOY opened at GBX 51.48 ($0.67) on Monday. The firm has a market capitalization of $36.22 billion and a PE ratio of 9.71. The business’s fifty day moving average price is GBX 51.63 and its 200 day moving average price is GBX 58.49. Lloyds Banking Group has a 12 month low of GBX 48.16 ($0.63) and a 12 month high of GBX 66.79 ($0.87).
The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be issued a dividend of GBX 1.12 ($0.01) per share. This represents a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, August 8th. Lloyds Banking Group’s payout ratio is 0.57%.
In other news, insider Amanda Mackenzie OBE acquired 63,567 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of GBX 50 ($0.65) per share, with a total value of £31,783.50 ($41,530.77). Also, insider William Chalmers sold 384,733 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of GBX 53 ($0.69), for a total value of £203,908.49 ($266,442.56).
Lloyds Banking Group Company Profile
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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