Shares of Lloyds Banking Group plc (NYSE:LYG – Get 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
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
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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