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Lloyds Banking Group (LON:LLOY) Hits New 52-Week High at $4,824.50

Defense World ·  Sep 22, 2022 04:12

Lloyds Banking Group plc (LON:LLOY – Get Rating)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 4,824.50 ($58.30) and last traded at GBX 48.47 ($0.59), with a volume of 333869063 shares changing hands. The stock had previously closed at GBX 49 ($0.59).

Wall Street Analyst Weigh In

LLOY has been the subject of a number of research analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Lloyds Banking Group in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 61 ($0.74) target price on shares of Lloyds Banking Group in a research note on Thursday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Lloyds Banking Group from GBX 61 ($0.74) to GBX 64 ($0.77) and gave the company an "overweight" rating in a research note on Tuesday, September 6th. Barclays set a GBX 52 ($0.63) target price on shares of Lloyds Banking Group in a research note on Tuesday, July 12th. Finally, Berenberg Bank boosted their price target on shares of Lloyds Banking Group from GBX 52 ($0.63) to GBX 55 ($0.66) and gave the company a "hold" rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Lloyds Banking Group has a consensus rating of "Moderate Buy" and an average price target of GBX 58.88 ($0.71).

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Lloyds Banking Group Stock Performance

The company's 50 day moving average price is GBX 44.81 and its 200 day moving average price is GBX 44.89. The company has a market cap of £32.88 billion and a price-to-earnings ratio of 810.97.

Lloyds Banking Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, August 4th were paid a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a dividend yield of 1.84%. Lloyds Banking Group's dividend payout ratio (DPR) is 33.33%.

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider Scott Wheway purchased 150,000 shares of the company's stock in a transaction dated Wednesday, August 24th. The shares were bought at an average price of GBX 44 ($0.53) per share, for a total transaction of £66,000 ($79,748.67).

Lloyds Banking Group Company Profile

(Get Rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. 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 and small business customers.

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