Lloyds Banking Group PLC (NYSE:LYG) Receives Average Recommendation of “Hold” from Analysts

Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given an average recommendation of “Hold” by the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company.

LYG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America cut Lloyds Banking Group from a “buy” rating to an “underperform” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. cut Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 16th. Davy Research raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 28th.

NYSE:LYG traded down $0.04 during mid-day trading on Wednesday, reaching $2.40. 7,657,052 shares of the company’s stock traded hands, compared to its average volume of 3,677,060. Lloyds Banking Group has a 12-month low of $2.38 and a 12-month high of $3.46. The firm has a market cap of $43.42 billion, a price-to-earnings ratio of 7.28 and a beta of 1.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.49 and a quick ratio of 1.49. The firm’s 50 day moving average is $2.79.

Several institutional investors and hedge funds have recently modified their holdings of the company. Massey Quick Simon & CO. LLC bought a new position in Lloyds Banking Group in the 1st quarter valued at approximately $26,000. Webster Bank N. A. bought a new position in Lloyds Banking Group in the 1st quarter valued at approximately $28,000. FLC Capital Advisors bought a new position in Lloyds Banking Group in the 2nd quarter valued at approximately $29,000. Andesa Financial Management Inc. bought a new position in Lloyds Banking Group in the 1st quarter valued at approximately $32,000. Finally, Arden Trust Co bought a new position in Lloyds Banking Group in the 2nd quarter valued at approximately $30,000. 1.91% of the stock is currently owned by hedge funds and other institutional investors.

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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