Lloyds underlines recovery with higher dividend and profits
- Author: Zachary Reyes Feb 22, 2017,
Feb 22, 2017, 11:05
A number of other research analysts have also issued reports on the company. (The) set a GBX 60 ($0.75) target price on Lloyds Banking Group PLC (LON:LLOY) in a report issued on Monday morning. According to these analysts, the Low Revenue Estimate for Lloyds Banking Group plc is 18.51 Billion and the High Revenue Estimate is 18.51 Billion. J P Morgan Chase & Co reaffirmed a "neutral" rating and set a GBX 190 ($2.37) target price (up from GBX 175 ($2.18)) on shares of Barclays PLC in a report on Friday, October 28th. Lloyds Banking Group PLC has an average rating of Hold and a consensus price target of GBX 68.22 ($0.85).
While looking at the Stock's Performance, Lloyds Banking Group plc now shows a Weekly Performance of 0.6%, where Monthly Performance is 4.35%, Quarterly performance is 11.26%, 6 Months performance is 15.86% and yearly performance percentage is -2.14%.
The FTSE is up around 0.4% as of 8.10 a.m. GMT (3.10 a.m. ET) gaining after Lloyds reported an increase in its statutory profits from £1.6 billion in 2015, to £4.2 billion, and confirmed a £2.2 billion dividend payout to shareholders. The stock gained a consensus recommendation of 1.67 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. Davy Research reiterated an "outperform" rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, October 25th. The original version of this piece can be read at https://sportsperspectives.com/2017/02/21/morgan-stanley-reiterates-gbx-80-price-target-for-lloyds-banking-group-plc-lloy.html.
Lloyds Banking Group PLC (LON:LLOY) opened at 67.35 on Thursday. The firm's market capitalization is GBX 41.02 billion. The stock is now moving above its 20-Day Simple Moving Average of 3.35% with the 50-Day Simple Moving Average of 3.35 percent.
This news story was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another publication, it was copied illegally and reposted in violation of US & worldwide trademark and copyright laws. The stock was purchased at an average cost of GBX 63 ($0.79) per share, for a total transaction of £119,070 ($148,800.30). In the last quarter, insiders acquired 189,584 shares of company stock worth $11,944,544.
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.