Lloyds Banking Group plc (NYSE:LYG) Receives $2.75 Consensus PT from Analysts

Shares of Lloyds Banking Group plc (NYSE:LYGGet Free Report) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $2.75.

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

Check Out Our Latest Research Report on LYG

Institutional Trading of Lloyds Banking Group

A number of hedge funds and other institutional investors have recently bought and sold shares of LYG. US Bancorp DE boosted its stake in Lloyds Banking Group by 36.6% in the 3rd quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock worth $2,363,000 after purchasing an additional 202,862 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after buying an additional 929,478 shares in the last quarter. Citigroup Inc. boosted its stake in Lloyds Banking Group by 58.3% during the third quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock worth $5,316,000 after buying an additional 627,592 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Lloyds Banking Group by 22.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,022,677 shares of the financial services provider’s stock valued at $3,191,000 after buying an additional 186,443 shares during the period. Finally, Townsquare Capital LLC grew its stake in shares of Lloyds Banking Group by 36.1% in the third quarter. Townsquare Capital LLC now owns 1,518,111 shares of the financial services provider’s stock valued at $4,737,000 after buying an additional 402,998 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 1.1 %

NYSE LYG opened at $2.70 on Friday. Lloyds Banking Group has a 12 month low of $2.00 and a 12 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 stock’s fifty day moving average price is $2.90 and its 200-day moving average price is $2.92. The stock has a market cap of $41.29 billion, a P/E ratio of 6.92 and a beta of 1.32.

About Lloyds Banking Group

(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.

Featured Articles

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.