Lloyds Banking Group plc (LON:LLOY) Receives Consensus ‘Moderate Buy’ Rating from Analysts


Lloyds Banking Group plc (LON:LLOY – Get a rating) received an average rating of “moderate buy” by the ten brokerages that currently cover the company, MarketBeat reports. One financial analyst gave the stock a sell rating, one issued a hold rating and six issued a buy rating for the company. The 1-year average price target among analysts who have reported on the stock in the past year is 61.86 GBX ($0.75).

Several equity research analysts have recently released reports on the company. JPMorgan Chase & Co. raised its price target on Lloyds Banking Group from GBX 61 ($0.74) to GBX 64 ($0.77) and gave the company an “overweight” rating in a Tuesday report September 6. Shore Capital reiterated a “buy” rating on Lloyds Banking Group shares in a Wednesday July 27 report. Royal Bank of Canada raised its price target on Lloyds Banking Group from GBX 42 ($0.51) to GBX 45 ($0.54) and gave the company an “underperforming” rating in a report Thursday, July 28. Credit Suisse Group restated an “outperform” rating and issued a GBX 73 ($0.88) target price on Lloyds Banking Group shares in a report on Friday, September 30. Finally, Jefferies Financial Group set a target price GBX 83 ($1.00) on Lloyds Banking Group in a Tuesday, September 6 report.

Lloyds Banking Group price performance

Lloyds Banking Group shares opened at 43.19 GBX ($0.52) on Friday. The company has a market cap of £29.24 billion and a price to earnings ratio of 719.17. Lloyds Banking Group has a 52-week minimum of 38.10 GBX ($0.46) and a 52-week maximum of 56 GBX ($0.68). The stock has a 50-day simple moving average of 44.93 GBX and a 200-day simple moving average of 44.69 GBX.

Lloyds Banking Group cuts dividends

The company also recently declared a dividend, which was paid on Monday, September 12. Shareholders of record on Thursday August 4 received a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date was Thursday, August 4. This represents a dividend yield of 1.84%. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 33.33%.

Insider trading at Lloyds Banking Group

In other Lloyds Banking Group news, insider Scott Wheway bought 150,000 shares of the company in a trade dated Wednesday, August 24. The share was purchased at an average cost of 44 GBX ($0.53) per share, for a total transaction of £66,000 ($79,748.67). Separately, insider Charlie Nunn acquired 281,955 shares in a trade dated Thursday, September 22. The shares were acquired at an average cost of 48 GBX ($0.58) per share, for a total transaction of £135,338.40 ($163,531.17). Additionally, insider Scott Wheway acquired 150,000 shares in a trade dated Wednesday, August 24. The shares were purchased at an average price of 44 GBX ($0.53) per share, for a total transaction of £66,000 ($79,748.67).

Lloyds Banking Group Company Profile

(Get a rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the UK. It operates through three segments: Retail; The Commercial Bank; and insurance and heritage. The Retail segment offers a range of financial services products, including current accounts, savings accounts, mortgages, auto finance, unsecured loans, leasing solutions and credit cards to individuals and to small businesses.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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