Macquarie Reaffirms “Outperform” Rating for Lloyds Banking Group PLC (LLOY)

Lloyds Banking Group PLC (LON:LLOY)‘s stock had its “outperform” rating reiterated by investment analysts at Macquarie in a report issued on Tuesday.

Other analysts have also issued reports about the company. S&P Global Inc set a GBX 75 ($0.93) price objective on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Tuesday, December 27th. Beaufort Securities reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, December 21st. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Tuesday, December 20th. Morgan Stanley set a GBX 70 ($0.86) price objective on Lloyds Banking Group PLC and gave the stock a “buy” rating in a research report on Tuesday, December 6th. Finally, Jefferies Group LLC lifted their price objective on Lloyds Banking Group PLC from GBX 67 ($0.83) to GBX 82 ($1.01) and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Five research 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 currently has a consensus rating of “Hold” and an average price target of GBX 69.48 ($0.86).

Analyst Recommendations for Lloyds Banking Group PLC (LON:LLOY)

Lloyds Banking Group PLC (LON:LLOY) opened at 69.80 on Tuesday. The firm’s market cap is GBX 49.28 billion. Lloyds Banking Group PLC has a one year low of GBX 47.10 and a one year high of GBX 74.00. The stock has a 50 day moving average price of GBX 67.49 and a 200-day moving average price of GBX 61.47.

The business also recently declared a dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Thursday, April 6th will be given a dividend of GBX 2.20 ($0.03) per share. 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 dividend yield of 3.17%.

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

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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