Lloyds Banking Group’s (LLOY) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Lloyds Banking Group (LON:LLOY) in a report released on Wednesday morning, MarketBeat.com reports.

Several other research analysts have also recently issued reports on LLOY. Jefferies Financial Group restated a buy rating and issued a GBX 59 ($0.73) price objective on shares of Lloyds Banking Group in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their price target on Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an underweight rating in a research report on Tuesday, April 9th. Peel Hunt assumed coverage on Lloyds Banking Group in a research report on Friday, April 19th. They set a hold rating and a GBX 55 ($0.68) price target for the company. Keefe, Bruyette & Woods upgraded Lloyds Banking Group to a market perform rating and set a GBX 50 ($0.62) price target for the company in a research report on Monday, February 12th. Finally, Berenberg Bank lifted their price target on Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the company a hold rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of GBX 55.33 ($0.68).

Lloyds Banking Group Stock Down 0.1 %

Shares of LON:LLOY opened at GBX 51.71 ($0.64) on Wednesday. Lloyds Banking Group has a 52-week low of GBX 39.42 ($0.49) and a 52-week high of GBX 54.28 ($0.67). The stock has a market cap of £32.93 billion, a price-to-earnings ratio of 647.25, a PEG ratio of 1.94 and a beta of 1.22. The business has a 50-day moving average price of GBX 49.40 and a 200-day moving average price of GBX 45.73.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, April 11th will be given a GBX 1.84 ($0.02) dividend. The ex-dividend date is Thursday, April 11th. This is a boost from Lloyds Banking Group’s previous dividend of $0.92. This represents a dividend yield of 4.25%. Lloyds Banking Group’s payout ratio is 3,750.00%.

Insider Activity

In other Lloyds Banking Group news, insider Robin Budenberg acquired 1,000,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of GBX 45 ($0.56) per share, for a total transaction of £450,000 ($555,830.04). In other news, insider Robin Budenberg purchased 1,000,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of GBX 45 ($0.56) per share, with a total value of £450,000 ($555,830.04). Also, insider William Chalmers purchased 128,118 shares of the stock in a transaction dated Monday, March 25th. The stock was purchased at an average cost of GBX 52 ($0.64) per share, for a total transaction of £66,621.36 ($82,289.23). Company insiders own 0.24% of the company’s stock.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.