Lloyds Banking Group (LON:LLOY) Receives “Hold” Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of Lloyds Banking Group (LON:LLOY) in a research report sent to investors on Thursday, Marketbeat.com reports.

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

Lloyds Banking Group Stock Performance

Shares of LLOY stock opened at GBX 60.66 ($0.78) on Thursday. The stock’s 50-day moving average is GBX 56.52 and its two-hundred day moving average is GBX 51.15. The firm has a market cap of £38.22 billion, a price-to-earnings ratio of 866.57, a PEG ratio of 1.89 and a beta of 1.23. Lloyds Banking Group has a 1 year low of GBX 39.42 ($0.51) and a 1 year high of GBX 60.80 ($0.79).

Lloyds Banking Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 1st will be given a GBX 1.06 ($0.01) dividend. The ex-dividend date is Thursday, August 1st. This represents a yield of 1.78%. Lloyds Banking Group’s payout ratio is currently 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.