Lloyds Banking Group PLC (NYSE:LYG) has received a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company.
A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. set a €50.00 ($58.14) target price on Brenntag and gave the stock a “buy” rating in a report on Tuesday. Bank of America raised Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a report on Thursday, April 18th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Davy Research raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods raised AEGON from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 28th.
NYSE:LYG traded down $0.04 during mid-day trading on Friday, reaching $2.80. 2,524,729 shares of the stock were exchanged, compared to its average volume of 3,845,129. The business’s fifty day moving average price is $2.87. The company has a market cap of $51.17 billion, a price-to-earnings ratio of 8.48 and a beta of 1.04. Lloyds Banking Group has a 1-year low of $2.43 and a 1-year high of $3.46. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.18.
Institutional investors and hedge funds have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC purchased a new position in Lloyds Banking Group in the 1st quarter worth about $26,000. Western Wealth Management LLC purchased a new position in Lloyds Banking Group in the 4th quarter worth about $27,000. Webster Bank N. A. purchased a new position in Lloyds Banking Group in the 1st quarter worth about $28,000. Private Trust Co. NA purchased a new position in Lloyds Banking Group in the 2nd quarter worth about $30,000. Finally, Liberty Wealth Management LLC purchased a new position in Lloyds Banking Group in the 4th quarter worth about $32,000. 1.94% of the stock is currently owned by hedge funds and other institutional investors.
About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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