Lloyds Banking Group PLC (LYG) Given Average Rating of “Hold” by Analysts

Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given an average rating of “Hold” by the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.00.

Several equities research analysts recently weighed in on LYG shares. Zacks Investment Research lowered Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, September 6th. Credit Suisse Group raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 10th. Finally, BidaskClub lowered Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in Lloyds Banking Group PLC by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 215 shares during the period. Raymond James Trust N.A. boosted its position in shares of Lloyds Banking Group PLC by 1.5% during the 2nd quarter. Raymond James Trust N.A. now owns 92,658 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 1,349 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Lloyds Banking Group PLC by 3.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 97,066 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 3,131 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Lloyds Banking Group PLC by 9.0% during the 2nd quarter. Bank of Montreal Can now owns 45,681 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 3,790 shares during the last quarter. Finally, M&R Capital Management Inc. boosted its position in shares of Lloyds Banking Group PLC by 0.4% during the 2nd quarter. M&R Capital Management Inc. now owns 1,211,359 shares of the financial services provider’s stock valued at $4,119,000 after acquiring an additional 5,409 shares during the last quarter. Institutional investors and hedge funds own 2.08% of the company’s stock.

Shares of Lloyds Banking Group PLC (LYG) traded down $0.01 on Monday, reaching $3.55. The company had a trading volume of 2,156,349 shares, compared to its average volume of 5,676,141. Lloyds Banking Group PLC has a 52 week low of $2.86 and a 52 week high of $3.87. The stock has a market cap of $62,740.00, a price-to-earnings ratio of 6.59 and a beta of 0.75. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79.

About Lloyds Banking Group PLC

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.

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

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