Beaufort Securities Reaffirms Buy Rating for Lloyds Banking Group PLC (LLOY)

Andrew Cummings
March 1, 2017

The number of Lloyds Banking Group PLC ORD shares in issue is 70,604,648,000 which have a current share price of 69.2 bringing Lloyds Banking Group PLC ORD's market capitalisation to 48.86B GBp.

On 2/23/2017, Beaufort Securities released a statement for Lloyds Banking Group PLC (LON:LLOY) bumped up the target price from 0.00GBX to 80.00GBX that suggested an upside of 0.13%. Deutsche Bank AG set a GBX 58 ($0.72) target price on Lloyds Banking Group PLC and gave the company a neutral rating in a report on Wednesday, December 14th.

Lloyds Banking Group plc closed its last trading session at $3.5 with the gain of 0.86%. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. This is an increase from Lloyds Banking Group PLC's previous dividend of $0.85.

Shares in Lloyds were up 0.5p, or 0.7%, to 69.75p. 1 Analysts reported that the Price Target for Lloyds Banking Group plc might touch $2.28 high while the Average Price Target and Low price Target is $2.28 and $2.28 respectively. Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 4.44% where SMA50 and SMA200 are 7.53% and 11.17% respectively.

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The firm also recently declared a dividend, which will be paid on Tuesday, May 16th. Stockholders of record on Thursday, April 6th will be given a dividend of GBX 2.20 ($0.03) per share.

Lloyds Banking Group PLC (NYSE:LYG) opened at 3.53 on Wednesday. This represents a yield of 3.17%. The ex-dividend date of this dividend is Thursday, April 6th.

Receive Lloyds Banking Group PLC ORD News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC ORD with's FREE daily email newsletter. The stock was acquired at an average price of GBX 63 ($0.78) per share, for a total transaction of £119,070 ($148,355.35). Reliance Trust Co. of DE now owns 68,010 shares of the financial services provider's stock valued at $202,000 after buying an additional 6,918 shares during the last quarter.

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking.

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