Lloyds Banking Group PLC’s (LLOY) “Underperform” Rating Reiterated at BNP Paribas

BNP Paribas reaffirmed their underperform rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a report issued on Thursday morning. BNP Paribas currently has a GBX 57 ($0.70) price objective on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on the company. Deutsche Bank AG lifted their target price on Lloyds Banking Group PLC from GBX 68 ($0.84) to GBX 70 ($0.86) and gave the company a hold rating in a research note on Wednesday, March 8th. Goldman Sachs Group Inc reiterated a sell rating and set a GBX 60 ($0.74) price target on shares of Lloyds Banking Group PLC in a report on Wednesday, March 8th. Royal Bank of Canada reiterated an outperform rating and set a GBX 90 ($1.11) price target on shares of Lloyds Banking Group PLC in a report on Tuesday, February 28th. Beaufort Securities reiterated a buy rating and set a GBX 80 ($0.99) price target on shares of Lloyds Banking Group PLC in a report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Lloyds Banking Group PLC from GBX 75 ($0.93) to GBX 80 ($0.99) and gave the company an overweight rating in a report on Thursday, February 23rd. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 69.48 ($0.86).

Shares of Lloyds Banking Group PLC (LON:LLOY) opened at 69.76 on Thursday. The stock’s 50 day moving average is GBX 67.49 and its 200-day moving average is GBX 61.47. The firm’s market cap is GBX 49.25 billion. Lloyds Banking Group PLC has a 52-week low of GBX 47.10 and a 52-week high of GBX 74.00.

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The business also recently announced a dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Thursday, April 6th will be paid a GBX 2.20 ($0.03) dividend. This is a positive change from Lloyds Banking Group PLC’s previous dividend of $0.85. The ex-dividend date of this dividend is Thursday, April 6th. This represents a yield of 3.17%.

In other Lloyds Banking Group PLC news, insider George Culmer sold 145,828 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of GBX 69 ($0.85), for a total value of £100,621.32 ($124,269.88). Insiders acquired 784 shares of company stock worth $52,758 in the last three months.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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