Lloyds Banking Group (LON:LLOY) Stock Rating Reaffirmed by Shore Capital

Shore Capital reissued their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a research report released on Thursday, Marketbeat Ratings reports.

A number of other research analysts have also commented on LLOY. JPMorgan Chase & Co. increased their price objective on Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.70) and gave the company an underweight rating in a report on Wednesday, July 3rd. Citigroup reaffirmed a buy rating on shares of Lloyds Banking Group in a report on Monday, July 8th. Finally, Peel Hunt assumed coverage on Lloyds Banking Group in a report on Friday, April 19th. They issued a hold rating and a GBX 55 ($0.71) target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of GBX 56.83 ($0.74).

Lloyds Banking Group Stock Performance

Shares of LON LLOY opened at GBX 60.66 ($0.78) on Thursday. The firm has a market cap of £38.22 billion, a price-to-earnings ratio of 866.57, a P/E/G ratio of 1.89 and a beta of 1.23. The business’s 50-day simple moving average is GBX 56.52 and its 200-day simple moving average is GBX 51.12. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.51) and a 52 week high of GBX 60.80 ($0.79).

Lloyds Banking Group Cuts Dividend

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

Lloyds Banking Group Company Profile

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.