Lloyds Banking Group (LON:LLOY) Reaches New 1-Year High - What's Next?

Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 61.77 ($0.81) and last traded at GBX 61.40 ($0.80), with a volume of 465181781 shares traded. The stock had previously closed at GBX 61.20 ($0.80).

Wall Street Analyst Weigh In

LLOY has been the topic of several recent research reports. Shore Capital reiterated a "hold" rating on shares of Lloyds Banking Group in a research report on Thursday, July 25th. Berenberg Bank reiterated a "hold" rating and issued a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Citigroup reiterated a "neutral" rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.71) and gave the company an "underweight" rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 56.33 ($0.74).

Lloyds Banking Group Trading Up 0.6 %

The stock's 50 day moving average price is GBX 58.31 and its 200 day moving average price is GBX 56.21. The company has a market cap of £37.79 billion, a price-to-earnings ratio of 876.86, a P/E/G ratio of 1.72 and a beta of 1.23.

Lloyds Banking Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 1st were given a dividend of GBX 1.06 ($0.01) per share. This represents a 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%.

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.