Lloyds Banking Group (NYSE:LYG) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal” rating in a research report issued on Wednesday.
Other analysts also recently issued research reports about the stock. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a report on Tuesday. UBS Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. BNP Paribas raised shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a report on Monday, December 11th. Finally, Macquarie downgraded shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 29th. Seven analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.00.
Shares of Lloyds Banking Group (NYSE LYG) traded up $0.02 during midday trading on Wednesday, hitting $3.82. 776,963 shares of the company’s stock traded hands, compared to its average volume of 3,626,500. Lloyds Banking Group has a 12 month low of $3.15 and a 12 month high of $3.87. The stock has a market capitalization of $67,090.00, a P/E ratio of 16.59 and a beta of 0.76.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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