Lloyds Banking Group plc (LON:LLOY) Receives Average Rating of “Hold” from Analysts

Shares of Lloyds Banking Group plc (LON:LLOY) have received an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 56.33 ($0.75).

Several analysts have issued reports on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 55 ($0.74) target price on shares of Lloyds Banking Group in a research note on Wednesday, August 21st. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 2nd. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lloyds Banking Group from GBX 50 ($0.67) to GBX 54 ($0.72) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at GBX 58.80 ($0.79) on Tuesday. The company has a market cap of £36.10 billion, a P/E ratio of 840.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23. Lloyds Banking Group has a fifty-two week low of GBX 39.42 ($0.53) and a fifty-two week high of GBX 61.72 ($0.83). The firm’s 50 day simple moving average is GBX 57.94 and its 200-day simple moving average is GBX 55.76.

Lloyds Banking Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 1st were paid a GBX 1.06 ($0.01) dividend. This represents a yield of 1.78%. The ex-dividend date of this dividend 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.