Shares of Lloyds Banking Group plc (NYSE:LYG – Get Free Report) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $49.38.
Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They set a “buy” rating on the stock. BNP Paribas upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th.
Institutional Investors Weigh In On Lloyds Banking Group
Lloyds Banking Group Price Performance
Lloyds Banking Group stock opened at $2.96 on Wednesday. The company has a market cap of $46.26 billion, a P/E ratio of 7.79 and a beta of 1.35. Lloyds Banking Group has a one year low of $1.88 and a one year high of $3.14. The business has a fifty day moving average of $2.96 and a two-hundred day moving average of $2.73. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.45.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $9.55 billion during the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. As a group, analysts predict that Lloyds Banking Group will post 0.32 earnings per share for the current fiscal year.
Lloyds Banking Group Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 5th will be given a dividend of $0.0546 per share. This represents a yield of 4.4%. The ex-dividend date is Monday, August 5th. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 26.32%.
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.
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