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lloyds banking group enhances shareholder value with buyback and dividend increase
Lloyds Banking Group has purchased 7.97 million shares at 73.2389 pence each as part of its buyback program, aiming to enhance shareholder value. The stock recently hit a 52-week high of 73.27 pence, with analysts maintaining a mixed outlook, averaging a "Hold" rating and a price target of 62.40 pence. Additionally, the company plans to increase its dividend to 2.11 pence per share, reflecting strong financial performance and a commitment to returning capital to shareholders.
Lloyds Banking Group reaches new high amid mixed analyst ratings and dividend increase
Lloyds Banking Group shares reached a new 52-week high, trading at GBX 193 ($2.48) before closing at GBX 73.27 ($0.94). Analysts maintain a "Hold" rating, with a consensus price target of GBX 62.40 ($0.80), while the company recently announced a dividend increase to GBX 2.11 ($0.03), yielding 3.01%.
lloyds banking group reports stock performance and dividend increase amid analyst ratings
Lloyds Banking Group, one of the largest companies in the FTSE 100 index, recently saw insider William Chalmers sell 11,338 shares for £7,936.60. The stock is currently trading at GBX 72.36, with a 1-year range of GBX 49.42 to GBX 74.46. Analysts maintain a "Hold" rating, with a consensus price target of GBX 60.60, while the company has increased its dividend to GBX 2.11, yielding 3.01%.
Citigroup raises Lloyds Banking Group price target to GBX 71
Citigroup has raised its price target for Lloyds Banking Group from GBX 61 to GBX 71, maintaining a "buy" rating, indicating a potential upside of 0.11%. Other analysts have mixed views, with JPMorgan upgrading its target to GBX 62 but assigning an "underweight" rating. Lloyds shares opened at GBX 70.92, with a 52-week range of GBX 48.26 to GBX 74.46, and the company reported a quarterly EPS of GBX 6.30.
lloyds banking group reaches new high after analyst upgrade from jp morgan
Lloyds Banking Group's stock reached a new 12-month high after JPMorgan Chase upgraded its price target from GBX 55 to GBX 62, despite maintaining an underweight rating. The stock traded at GBX 68.62, with a market cap of £43.51 billion and an average rating of "Hold" from analysts. Insiders, including William Chalmers, have also shown confidence by purchasing shares.