Lloyds Banking Group plc (LON:LLOY – Get Rating) insider Charlie Nunn purchased 281,955 shares of the business's stock in a transaction on Thursday, September 22nd. The shares were purchased at an average cost of GBX 48 ($0.58) per share, for a total transaction of £135,338.40 ($163,531.17).
Lloyds Banking Group Stock Down 1.0 %
Shares of LON:LLOY opened at GBX 47.96 ($0.58) on Friday. Lloyds Banking Group plc has a 52-week low of GBX 38.10 ($0.46) and a 52-week high of GBX 56 ($0.68). The stock's fifty day simple moving average is GBX 45.08 and its 200-day simple moving average is GBX 44.96. The company has a market capitalization of £32.66 billion and a P/E ratio of 799.33.
Get Lloyds Banking Group alerts:Lloyds Banking Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, September 12th. Investors of record on Thursday, August 4th were paid a GBX 0.80 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a yield of 1.84%. Lloyds Banking Group's payout ratio is currently 3,333.33%.
Analyst Ratings Changes
A number of research firms have recently issued reports on LLOY. Berenberg Bank boosted their target price on 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. Shore Capital reissued a "buy" rating on shares of Lloyds Banking Group in a report on Wednesday, July 27th. JPMorgan Chase & Co. boosted their target price on Lloyds Banking Group from GBX 61 ($0.74) to GBX 64 ($0.77) and gave the company an "overweight" rating in a report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 61 ($0.74) target price on shares of Lloyds Banking Group in a report on Thursday, July 28th. Finally, Jefferies Financial Group set a GBX 83 ($1.00) target price on Lloyds Banking Group in a report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group has a consensus rating of "Moderate Buy" and an average target price of GBX 58.88 ($0.71).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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