Lloyds Banking Group plc (NYSE:LYG) Given Consensus Rating of “Hold” by Brokerages

by · The Cerbat Gem

Lloyds Banking Group plc (NYSE:LYG – Get Free Report) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $2.75.

A number of equities research analysts recently weighed in on LYG shares. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Finally, Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating on the stock.

View Our Latest Report on LYG

Hedge Funds Weigh In On Lloyds Banking Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Interchange Capital Partners LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $28,000. Intergy Private Wealth LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth $29,000. Tcwp LLC purchased a new position in Lloyds Banking Group in the 2nd quarter valued at $32,000. Aletheian Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group during the third quarter worth about $34,000. Finally, Fiduciary Financial Group LLC purchased a new stake in Lloyds Banking Group in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 0.6 %

Shares of NYSE:LYG opened at $2.69 on Friday. The firm has a 50 day simple moving average of $2.89 and a 200-day simple moving average of $2.92. Lloyds Banking Group has a twelve month low of $2.00 and a twelve month high of $3.24. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $41.06 billion, a PE ratio of 6.88 and a beta of 1.33.

Lloyds Banking Group Company Profile

(Get Free Report

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.

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