Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given an average recommendation of “Hold” by the fourteen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company.
LYG has been the topic of a number of research analyst reports. Macquarie upgraded Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research note on Thursday, October 25th. Zacks Investment Research upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, August 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, September 4th. Finally, Berenberg Bank raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th.
NYSE LYG opened at $2.83 on Friday. The company has a market capitalization of $50.99 billion, a PE ratio of 5.15 and a beta of 0.79. Lloyds Banking Group has a 12 month low of $2.77 and a 12 month high of $4.21.
About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.
Further Reading: What is the Rule of 72?
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.