Lloyds Banking Group’s (LLOY) Hold Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a research note released on Thursday, MarketBeat Ratings reports.

A number of other equities research analysts have also recently issued reports on the stock. Peel Hunt initiated coverage on shares of Lloyds Banking Group in a report on Friday, April 19th. They set a hold rating and a GBX 55 ($0.71) price target for the company. JPMorgan Chase & Co. increased their target price on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the company an underweight rating in a research note on Wednesday, July 3rd. Finally, Citigroup reiterated a buy rating on shares of Lloyds Banking Group in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lloyds Banking Group presently has an average rating of Hold and a consensus price target of GBX 56.83 ($0.74).

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at GBX 59.66 ($0.77) on Thursday. The company has a market capitalization of £37.59 billion, a price-to-earnings ratio of 866.29, a PEG ratio of 1.89 and a beta of 1.23. Lloyds Banking Group has a one year low of GBX 39.42 ($0.51) and a one year high of GBX 60.80 ($0.79). The company’s fifty day moving average price is GBX 56.42 and its two-hundred day moving average price is GBX 51.

Lloyds Banking Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 1st will be paid a dividend of GBX 1.06 ($0.01) per share. This represents a yield of 1.78%. The ex-dividend date is Thursday, August 1st. Lloyds Banking Group’s dividend payout ratio is 4,285.71%.

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.