Lloyds Banking Group plc (LON:LLOY – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 114.92 and last traded at GBX 114.80, with a volume of 616121250 shares. The stock had previously closed at GBX 112.15.
Lloyds Banking Group News Summary
Here are the key news stories impacting Lloyds Banking Group this week:
- Positive Sentiment: Lloyds continued its share buyback program, purchasing 5 million shares for cancellation and advancing its £1.75 billion repurchase plan, both of which can boost earnings per share and signal management confidence. Lloyds Banking Group Buys Back 5 Million Shares for Cancellation
- Positive Sentiment: Bank of America Securities reiterated a Hold rating but highlighted Lloyds’ strong profitability and about 20% return on tangible equity, suggesting the franchise remains fundamentally solid even if upside looks limited. Lloyds: Strong Profitability and 20% ROTE Support Hold Rating Amid Limited Upside and Political Uncertainty
- Neutral Sentiment: The bank issued more than 215 million new shares under employee plans, which is routine but partly offsets the benefit of buybacks by increasing share count. Lloyds Banking Group Issues Over 215 Million Shares Under Employee Plans
- Neutral Sentiment: Lloyds is also overhauling its high-street branding by phasing out Halifax after 173 years and replacing it with Lloyds, a move aimed at simplification and long-term efficiency but likely to create short-term consumer and media attention. Halifax to disappear from UK high street as Lloyds axes bank brand after 173 years
- Negative Sentiment: The Halifax rebrand and separate reports of Lloyds being accused of “debanking” a media outlet add reputational and political uncertainty that could weigh on sentiment. Lloyds accused of debanking left-wing media outlet The Canary
Analyst Ratings Changes
Several equities analysts recently issued reports on LLOY shares. Citigroup lifted their price objective on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research report on Monday, April 13th. Shore Capital Group reiterated a “sell” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Berenberg Bank restated a “hold” rating and set a GBX 117 price target on shares of Lloyds Banking Group in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 120 price target on shares of Lloyds Banking Group in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lloyds Banking Group has a consensus rating of “Moderate Buy” and an average target price of GBX 113.80.
Lloyds Banking Group Price Performance
The stock has a fifty day moving average of GBX 101.02 and a 200 day moving average of GBX 100.34. The stock has a market cap of £66.64 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.84 and a beta of 0.92.
Lloyds Banking Group (LON:LLOY – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 earnings per share for the quarter. Lloyds Banking Group had a net margin of 25.91% and a return on equity of 10.75%. The company had revenue of GBX 478.50 billion for the quarter. As a group, equities analysts expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.
About Lloyds Banking Group
We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.
The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.
Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.
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