Lloyds Banking Group (LON:LLOY) Sets New 1-Year High at $43.86

Lloyds Banking Group plc (LON:LLOY)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 43.86 ($0.57) and last traded at GBX 43.42 ($0.57), with a volume of 38169011 shares changing hands. The stock had previously closed at GBX 42.77 ($0.56).

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Lloyds Banking Group to an “overweight” rating and raised their price target for the company from GBX 42 ($0.55) to GBX 51 ($0.67) in a report on Monday, March 22nd. Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a report on Monday, February 8th. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, February 25th. The Goldman Sachs Group reaffirmed a “sell” rating and set a GBX 33 ($0.43) target price on shares of Lloyds Banking Group in a report on Thursday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lloyds Banking Group from GBX 38 ($0.50) to GBX 39 ($0.51) and gave the stock a “hold” rating in a report on Monday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. Lloyds Banking Group has a consensus rating of “Buy” and an average price target of GBX 40.92 ($0.53).

The company has a market capitalization of £30.75 billion and a P/E ratio of 36.13. The business’s 50-day moving average price is GBX 40.73 and its two-hundred day moving average price is GBX 34.98.

The business also recently disclosed a dividend, which will be paid on Tuesday, May 25th. Investors of record on Thursday, April 15th will be given a GBX 0.57 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, April 15th. This represents a yield of 1.45%.

In related news, insider William Chalmers sold 528,826 shares of the business’s stock in a transaction on Thursday, March 4th. The shares were sold at an average price of GBX 40 ($0.52), for a total value of £211,530.40 ($276,365.82). Also, insider Antonio Horta-Osorio acquired 329,977 shares of the business’s stock in a transaction that occurred on Thursday, March 25th. The stock was bought at an average cost of GBX 42 ($0.55) per share, for a total transaction of £138,590.34 ($181,069.17). Insiders purchased a total of 330,783 shares of company stock worth $13,889,254 over the last ninety days.

About Lloyds Banking Group (LON:LLOY)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services 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 loans, leasing solutions, credit cards, and other financial services to personal and small business customers.

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