Lloyds Banking Group plc (LON:LLOY – Get Free Report) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 56.33 ($0.74).
Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.71) and gave the company an “underweight” rating in a research note on Wednesday, July 3rd. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, July 25th. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 2nd. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st.
Get Our Latest Analysis on LLOY
Lloyds Banking Group Stock Down 0.9 %
Lloyds Banking Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 1st were given a dividend of GBX 1.06 ($0.01) per share. This represents a yield of 1.78%. The ex-dividend date of this dividend was Thursday, August 1st. Lloyds Banking Group’s payout ratio is currently 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.
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