Credit Suisse Group reaffirmed their outperform rating on shares of Lloyds Banking Group (LON:LLOY) in a report published on Monday morning. Credit Suisse Group currently has a GBX 85 ($1.17) price objective on the financial services provider’s stock.
Several other research analysts have also recently weighed in on the stock. Barclays assumed coverage on shares of Lloyds Banking Group in a research note on Wednesday, March 14th. They set an overweight rating and a GBX 90 ($1.24) price target on the stock. Deutsche Bank lowered their target price on shares of Lloyds Banking Group from GBX 83 ($1.15) to GBX 80 ($1.11) and set a buy rating on the stock in a research note on Friday, March 9th. Royal Bank of Canada set a GBX 90 ($1.24) target price on shares of Lloyds Banking Group and gave the company a buy rating in a research note on Thursday, March 8th. UBS set a GBX 87 ($1.20) target price on shares of Lloyds Banking Group and gave the company a buy rating in a research note on Thursday, March 8th. Finally, JPMorgan Chase & Co. set a GBX 85 ($1.17) target price on shares of Lloyds Banking Group and gave the company a buy rating in a research note on Friday, March 2nd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 77.03 ($1.06).
Lloyds Banking Group stock opened at GBX 67.13 ($0.93) on Monday. The firm has a market cap of $48,660.00 and a price-to-earnings ratio of 1,678.25. Lloyds Banking Group has a one year low of GBX 61.81 ($0.85) and a one year high of GBX 73.58 ($1.02).
The business also recently declared a dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Thursday, April 19th will be issued a GBX 2.05 ($0.03) dividend. This is an increase from Lloyds Banking Group’s previous dividend of $1.00. This represents a yield of 2.99%. The ex-dividend date is Thursday, April 19th.
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About Lloyds Banking Group
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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