Lloyds Banking Group PLC (NYSE:LYG)’s share price was down 2.7% on Friday . The company traded as low as $2.90 and last traded at $2.93, with a volume of 3,964,450 shares traded. The stock had previously closed at $3.01.

Several equities analysts have recently commented on LYG shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Sunday, June 26th. Macquarie raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 5th. Barclays PLC downgraded Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Monday, April 25th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, March 30th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 83.56 ($1.11).

The company’s 50-day moving average price is $3.42 and its 200 day moving average price is $3.79. The stock has a market capitalization of $61.56 billion and a P/E ratio of 243.33.

Other large investors recently bought and sold shares of the company. Sei Investments Co. boosted its stake in Lloyds Banking Group PLC by 126.3% in the fourth quarter. Sei Investments Co. now owns 366,249 shares of the financial services provider’s stock worth $1,597,000 after buying an additional 204,377 shares during the period. PNC Financial Services Group Inc. raised its position in Lloyds Banking Group PLC by 291.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 460,390 shares of the financial services provider’s stock worth $2,007,000 after buying an additional 342,913 shares in the last quarter. Comerica Bank raised its position in Lloyds Banking Group PLC by 2.4% in the fourth quarter. Comerica Bank now owns 1,017,803 shares of the financial services provider’s stock worth $4,153,000 after buying an additional 23,972 shares in the last quarter. Wells Fargo & Company MN raised its position in Lloyds Banking Group PLC by 7.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,778,524 shares of the financial services provider’s stock worth $29,554,000 after buying an additional 487,292 shares in the last quarter. Finally, Thornburg Investment Management Inc. raised its position in Lloyds Banking Group PLC by 320.6% in the fourth quarter. Thornburg Investment Management Inc. now owns 8,143,696 shares of the financial services provider’s stock worth $35,507,000 after buying an additional 6,207,651 shares in the last quarter.

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.