Shares of Lloyds Banking Group plc (LON:LLOY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 56.21 ($0.73) and traded as high as GBX 61.20 ($0.80). Lloyds Banking Group shares last traded at GBX 61.20 ($0.80), with a volume of 164,722,212 shares traded.
Wall Street Analysts Forecast Growth
LLOY has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.71) and gave the stock an "underweight" rating in a research note on Wednesday, July 3rd. Berenberg Bank reissued a "hold" rating and set a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group in a research note on Wednesday, August 21st. Shore Capital reissued a "hold" rating on shares of Lloyds Banking Group in a research note on Thursday, July 25th. Finally, Citigroup reissued a "neutral" rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of GBX 56.33 ($0.74).
Check Out Our Latest Research Report on LLOY
Lloyds Banking Group Stock Performance
The firm has a market cap of £37.98 billion, a price-to-earnings ratio of 883.71, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23. The company's fifty day moving average is GBX 58.41 and its two-hundred day moving average is GBX 56.25.
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 issued a dividend of GBX 1.06 ($0.01) per share. The ex-dividend date was Thursday, August 1st. This represents a dividend yield of 1.78%. Lloyds Banking Group's payout ratio is 4,285.71%.
Lloyds Banking Group Company Profile
(
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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.
Further Reading
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