Other equities research analysts also recently issued research reports about the company. UBS Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, October 15th. Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating and set a $3.50 price target for the company in a report on Thursday, October 24th. Goldman Sachs Group downgraded Lloyds Banking Group from a “neutral” rating to a “sell” rating in a research report on Thursday, September 12th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank lowered Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Lloyds Banking Group presently has a consensus rating of “Hold” and an average price target of $3.50.
Shares of LYG opened at $3.13 on Wednesday. Lloyds Banking Group has a one year low of $2.30 and a one year high of $3.46. The company has a market cap of $55.67 billion, a P/E ratio of 9.48 and a beta of 1.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.17 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $2.77.
Hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new position in Lloyds Banking Group in the 2nd quarter worth about $25,000. FLC Capital Advisors bought a new stake in shares of Lloyds Banking Group during the second quarter worth about $29,000. Assetmark Inc. acquired a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $29,000. AE Wealth Management LLC acquired a new position in shares of Lloyds Banking Group in the third quarter valued at approximately $29,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 1.97% of the company’s stock.
Lloyds Banking Group Company Profile
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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