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

Shares of Lloyds Banking Group PLC (NYSE:LYG) have been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company.

Several equities research analysts recently commented on LYG shares. Bank of America upgraded shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on shares of Brenntag and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Davy Research upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods upgraded shares of AEGON from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 28th.

Shares of Lloyds Banking Group stock traded down $0.04 on Friday, hitting $2.80. The company’s stock had a trading volume of 2,524,729 shares, compared to its average volume of 3,845,129. Lloyds Banking Group has a 52-week low of $2.43 and a 52-week high of $3.46. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.18. The business has a fifty day moving average of $2.87. The stock has a market cap of $51.17 billion, a P/E ratio of 8.48 and a beta of 1.04.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.14 EPS for the quarter. Lloyds Banking Group had a net margin of 23.77% and a return on equity of 16.28%. The business had revenue of $5.98 billion for the quarter. As a group, analysts expect that Lloyds Banking Group will post 0.43 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. FDx Advisors Inc. boosted its stake in shares of Lloyds Banking Group by 50.3% during the 2nd quarter. FDx Advisors Inc. now owns 450,486 shares of the financial services provider’s stock valued at $1,279,000 after buying an additional 150,677 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Lloyds Banking Group by 2.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 892,225 shares of the financial services provider’s stock valued at $2,533,000 after buying an additional 23,427 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Lloyds Banking Group by 12.4% during the 2nd quarter. Raymond James Trust N.A. now owns 84,151 shares of the financial services provider’s stock valued at $239,000 after buying an additional 9,254 shares during the last quarter. Lourd Capital LLC boosted its stake in shares of Lloyds Banking Group by 44.9% during the 2nd quarter. Lourd Capital LLC now owns 15,824 shares of the financial services provider’s stock valued at $45,000 after buying an additional 4,900 shares during the last quarter. Finally, Private Trust Co. NA purchased a new position in shares of Lloyds Banking Group during the 2nd quarter valued at approximately $30,000. Institutional investors own 1.94% of the company’s stock.

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. It 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, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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