Brokerages Set Lloyds Banking Group plc (LON:LLOY) PT at GBX 56.33

Lloyds Banking Group plc (LON:LLOY) has been given an average rating of “Hold” by the nine research firms that are covering the firm, Marketbeat 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 target among analysts that have issued a report on the stock in the last year is GBX 56.33 ($0.74).

Several equities analysts have commented on the company. Berenberg Bank reiterated a “hold” rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a report on Wednesday, August 21st. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 2nd. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 50 ($0.66) to GBX 54 ($0.71) and gave the stock an “underweight” rating in a report on Wednesday, July 3rd.

Lloyds Banking Group Stock Performance

LON:LLOY opened at GBX 56.42 ($0.74) on Friday. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.52) and a 52 week high of GBX 61.72 ($0.81). The stock’s 50 day moving average price is GBX 58.06 and its 200 day moving average price is GBX 54.37. The company has a market capitalization of £34.87 billion, a P/E ratio of 806.00, a P/E/G ratio of 1.98 and a beta of 1.26.

Lloyds Banking Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 1st will be given a GBX 1.06 ($0.01) dividend. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 1.78%. Lloyds Banking Group’s dividend payout ratio is 4,285.71%.

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.