Lloyds Banking Group PLC (LYG) Trading Down 6%
Lloyds Banking Group PLC (NYSE:LYG) shares traded down 6% during trading on Thursday . The company traded as low as $2.80 and last traded at $2.80, with a volume of 7,465,377 shares changing hands. The stock had previously closed at $2.98.
A number of research analysts have commented on the company. Zacks Investment Research lowered Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Deutsche Bank AG restated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, May 26th. Finally, JPMorgan Chase & Co. downgraded Lloyds Banking Group PLC from an “overweight” rating to a “neutral” rating in a research report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Lloyds Banking Group PLC currently has an average rating of “Hold” and a consensus price target of GBX 82.08 ($1.09).
The company’s 50 day moving average price is $3.24 and its 200 day moving average price is $3.75. The stock has a market capitalization of $59.46 billion and a PE ratio of 235.00.
Other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted 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 during the last quarter. PNC Financial Services Group Inc. boosted 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 during the last quarter. Finally, Sei Investments Co. boosted its position 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 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.
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