Lloyds Banking Group plc (NYSE:LYG – Get Free Report) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $79.75.
LYG has been the topic of a number of research reports. Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Berenberg Bank began coverage on Lloyds Banking Group in a research report on Thursday, April 25th. They set a “hold” rating and a $2.75 price objective for the company.
Check Out Our Latest Report on Lloyds Banking Group
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Lloyds Banking Group Stock Performance
Shares of NYSE LYG opened at $2.57 on Thursday. Lloyds Banking Group has a 1 year low of $1.88 and a 1 year high of $2.72. The firm has a market cap of $40.94 billion, a P/E ratio of 6.76, a PEG ratio of 1.07 and a beta of 1.32. The stock has a fifty day moving average price of $2.51 and a two-hundred day moving average price of $2.29. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.48 and a current ratio of 1.48.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion during the quarter. Research analysts forecast that Lloyds Banking Group will post 0.32 EPS for the current fiscal year.
Lloyds Banking Group Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 12th will be issued a $0.046 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 5.9%. Lloyds Banking Group’s payout ratio is currently 47.37%.
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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