Lloyds Banking Group plc (LON:LLOY) Receives Average Recommendation of “Hold” from Analysts

Lloyds Banking Group plc (LON:LLOY) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 56.33 ($0.75).

LLOY has been the subject of several analyst reports. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Lloyds Banking Group from GBX 50 ($0.67) to GBX 54 ($0.72) and gave the company an “underweight” rating in a research note on Wednesday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. Finally, Berenberg Bank restated a “hold” rating and set a GBX 55 ($0.74) target price on shares of Lloyds Banking Group in a research note on Wednesday, August 21st.

Lloyds Banking Group Stock Performance

LON LLOY opened at GBX 58.80 ($0.79) on Tuesday. Lloyds Banking Group has a one year low of GBX 39.42 ($0.53) and a one year high of GBX 61.72 ($0.83). The company has a market capitalization of £36.16 billion, a price-to-earnings ratio of 840.00, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The company’s 50-day simple moving average is GBX 58.11 and its two-hundred day simple moving average is GBX 55.56.

Lloyds Banking Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 1st were given a dividend of GBX 1.06 ($0.01) per share. This represents a dividend yield of 1.78%. The ex-dividend date was Thursday, August 1st. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 4,285.71%.

Lloyds Banking Group Company Profile

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.