Lloyds Banking Group (LON:LLOY) Research Coverage Started at Peel Hunt

Peel Hunt initiated coverage on shares of Lloyds Banking Group (LON:LLOYFree Report) in a research note issued to investors on Friday morning, Marketbeat reports. The firm issued a hold rating and a GBX 55 ($0.68) target price on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on LLOY. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group in a report on Thursday, February 22nd. Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group to a market perform rating and set a GBX 50 ($0.62) price objective for the company in a report on Monday, February 12th. Jefferies Financial Group reiterated a buy rating and set a GBX 59 ($0.73) price objective on shares of Lloyds Banking Group in a report on Friday, February 16th. Berenberg Bank lifted their price objective on shares of Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the company a hold rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an underweight rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of GBX 55.33 ($0.69).

Get Our Latest Stock Report on Lloyds Banking Group

Lloyds Banking Group Trading Down 0.2 %

Lloyds Banking Group stock opened at GBX 50.92 ($0.63) on Friday. The firm has a 50-day moving average price of GBX 48.79 and a 200-day moving average price of GBX 45.56. The firm has a market capitalization of £32.43 billion, a PE ratio of 636.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. Lloyds Banking Group has a 12-month low of GBX 39.42 ($0.49) and a 12-month high of GBX 54.28 ($0.68).

Lloyds Banking Group Increases Dividend

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

Insider Transactions at Lloyds Banking Group

In other news, insider William Chalmers acquired 128,118 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of GBX 52 ($0.65) per share, with a total value of £66,621.36 ($82,934.59). In related news, insider William Chalmers bought 128,118 shares of the company’s stock in a transaction on Monday, March 25th. The shares were bought at an average price of GBX 52 ($0.65) per share, with a total value of £66,621.36 ($82,934.59). Also, insider Robin Budenberg bought 1,000,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of GBX 45 ($0.56) per share, for a total transaction of £450,000 ($560,189.22). Insiders own 0.24% of the company’s stock.

About Lloyds Banking Group

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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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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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