Lloyds Banking Group plc (LON:LLOY) Receives GBX 60.60 Average PT from Brokerages

Shares of Lloyds Banking Group plc (LON:LLOY) have been assigned a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 60.60 ($0.79).

A number of research analysts recently issued reports on LLOY shares. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, February 20th. Citigroup upped their target price on Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lloyds Banking Group from GBX 55 ($0.72) to GBX 62 ($0.81) and gave the stock an “underweight” rating in a report on Tuesday, February 25th.

Lloyds Banking Group Stock Up 0.6 %

Shares of Lloyds Banking Group stock opened at GBX 70.58 ($0.92) on Monday. The company’s fifty day moving average is GBX 64.33 and its 200 day moving average is GBX 59.19. Lloyds Banking Group has a twelve month low of GBX 49.42 ($0.64) and a twelve month high of GBX 74.46 ($0.97). The stock has a market cap of £42.80 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. As a group, equities analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 20th. Investors of record on Thursday, April 10th will be given a dividend of GBX 2.11 ($0.03) per share. This represents a dividend yield of 3.01%. This is an increase from Lloyds Banking Group’s previous dividend of $1.06. The ex-dividend date of this dividend is Thursday, April 10th. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 37.95%.

Lloyds Banking Group Company Profile

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.