Lloyds Banking Group PLC (LON:LLOY) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reissued their sell rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research report sent to investors on Wednesday, August 2nd, Marketbeat reports. They currently have a GBX 55 ($0.72) price target on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. AlphaValue restated a buy rating and issued a GBX 91.50 ($1.19) price objective on shares of Lloyds Banking Group PLC in a report on Friday, April 28th. HSBC Holdings plc raised their price objective on shares of Lloyds Banking Group PLC from GBX 75 ($0.98) to GBX 76 ($0.99) and gave the company a buy rating in a report on Tuesday, May 2nd. Royal Bank Of Canada set a GBX 90 ($1.17) target price on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research report on Thursday, April 27th. Barclays PLC set a GBX 75 ($0.98) target price on shares of Lloyds Banking Group PLC and gave the company a buy rating in a report on Thursday, April 27th. Finally, Shore Capital reiterated a buy rating on shares of Lloyds Banking Group PLC in a research note on Thursday, April 27th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. The company has an average rating of Buy and an average price target of GBX 75.26 ($0.98).

Lloyds Banking Group PLC (LON LLOY) opened at 64.64 on Wednesday. Lloyds Banking Group PLC has a 12-month low of GBX 50.84 and a 12-month high of GBX 73.58. The firm’s 50 day moving average price is GBX 66.75 and its 200-day moving average price is GBX 67.50. The stock’s market cap is GBX 41.16 billion.

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The company also recently disclosed a dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.45%. The ex-dividend date is Thursday, August 10th.

In other news, insider Antonio Horta-Osorio acquired 50,000 shares of Lloyds Banking Group PLC stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of GBX 72 ($0.94) per share, with a total value of £36,000 ($46,881.10). Insiders have acquired 55,369 shares of company stock valued at $3,960,571 over 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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