Lloyds Banking Group PLC (NYSE:LYG) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Lloyds Banking Group PLC (NYSE:LYG) have received a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.50.

LYG has been the subject of several recent research reports. Keefe, Bruyette & Woods cut Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a research report on Thursday, September 5th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research note on Monday. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Deutsche Bank lowered Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating and set a $3.50 price objective on the stock in a research note on Thursday, October 24th.

A number of large investors have recently bought and sold shares of LYG. Schroder Investment Management Group acquired a new position in shares of Lloyds Banking Group during the 2nd quarter worth about $25,000. FLC Capital Advisors bought a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $29,000. Assetmark Inc. purchased a new stake in Lloyds Banking Group in the second quarter valued at approximately $29,000. AE Wealth Management LLC purchased a new stake in Lloyds Banking Group in the third quarter valued at approximately $29,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of Lloyds Banking Group during the second quarter worth approximately $30,000. Institutional investors own 1.97% of the company’s stock.

LYG stock traded down $0.02 during midday trading on Tuesday, reaching $3.20. The company’s stock had a trading volume of 137,223 shares, compared to its average volume of 4,272,780. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.49 and a current ratio of 0.17. The stock has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $2.78. Lloyds Banking Group has a 1 year low of $2.30 and a 1 year high of $3.46. The firm has a market capitalization of $56.38 billion, a price-to-earnings ratio of 9.70 and a beta of 1.10.

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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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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