Lloyds Banking Group (LON:LLOY) Stock Rating Reaffirmed by UBS Group

UBS Group reiterated their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a report released on Friday, Borsen Zeitung reports. They currently have a GBX 65 ($0.85) price objective on the financial services provider’s stock, down from their previous price objective of GBX 70 ($0.91).

LLOY has been the subject of a number of other research reports. Shore Capital restated a buy rating on shares of Lloyds Banking Group in a research note on Monday, September 9th. Deutsche Bank set a GBX 55 ($0.72) price target on Lloyds Banking Group and gave the stock a neutral rating in a research note on Monday, September 9th. Jefferies Financial Group restated a buy rating and issued a GBX 99 ($1.29) price target on shares of Lloyds Banking Group in a research note on Wednesday, July 31st. HSBC decreased their price target on Lloyds Banking Group from GBX 58 ($0.76) to GBX 52 ($0.68) and set a hold rating for the company in a research note on Thursday, August 15th. Finally, Berenberg Bank set a GBX 55 ($0.72) price target on Lloyds Banking Group and gave the stock a neutral rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 66.25 ($0.87).

Shares of LON:LLOY opened at GBX 54.12 ($0.71) on Friday. The stock has a fifty day simple moving average of GBX 51.44 and a two-hundred day simple moving average of GBX 58.38. The stock has a market capitalization of $37.98 billion and a price-to-earnings ratio of 10.21. 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 firm also recently declared a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 8th were paid a GBX 1.12 ($0.01) dividend. This represents a dividend yield of 2.03%. The ex-dividend date was Thursday, August 8th. Lloyds Banking Group’s dividend payout ratio is currently 0.57%.

In related news, insider Antonio Horta-Osorio sold 374,554 shares of Lloyds Banking Group stock in a transaction on Thursday, June 27th. The stock was sold at an average price of GBX 57 ($0.74), for a total value of £213,495.78 ($278,970.05). Also, insider Amanda Mackenzie OBE acquired 63,567 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of GBX 50 ($0.65) per share, with a total value of £31,783.50 ($41,530.77). Insiders sold 853,217 shares of company stock valued at $46,718,717 in the last ninety days.

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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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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