Deutsche Bank Trims Lloyds Banking Group (LON:LLOY) Target Price to GBX 80

Lloyds Banking Group (LON:LLOY) had its price objective reduced by Deutsche Bank from GBX 83 ($1.15) to GBX 80 ($1.11) in a research note issued to investors on Friday, March 9th. They currently have a buy rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. JPMorgan Chase set a GBX 85 ($1.17) target price on Lloyds Banking Group and gave the stock a buy rating in a research report on Wednesday, November 29th. Investec reaffirmed a buy rating and set a GBX 75 ($1.04) target price on shares of Lloyds Banking Group in a research report on Wednesday, November 29th. HSBC reaffirmed a buy rating and set a GBX 76 ($1.05) target price on shares of Lloyds Banking Group in a research report on Wednesday, November 29th. Jefferies Group reaffirmed a buy rating and set a GBX 91 ($1.26) target price on shares of Lloyds Banking Group in a research report on Wednesday, November 29th. Finally, Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group in a research report on Tuesday, November 28th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. Lloyds Banking Group presently has a consensus rating of Buy and an average target price of GBX 76.38 ($1.06).

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Shares of LON LLOY remained flat at $GBX 64.66 ($0.89) during midday trading on Friday. Lloyds Banking Group has a 52-week low of GBX 61.81 ($0.85) and a 52-week high of GBX 73.58 ($1.02).

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Thursday, April 19th will be given a dividend of GBX 2.05 ($0.03) per share. The ex-dividend date of this dividend is Thursday, April 19th. This is an increase from Lloyds Banking Group’s previous dividend of $1.00. This represents a dividend yield of 2.99%.

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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