Lloyds Banking Group PLC (NYSE:LYG)‘s stock had its “neutral” rating reaffirmed by stock analysts at Deutsche Bank AG in a research report issued on Thursday.

Several other research firms have also commented on LYG. Beaufort Securities reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Friday, October 28th. Citigroup Inc. reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, August 31st. Credit Suisse Group AG assumed coverage on shares of Lloyds Banking Group PLC in a report on Tuesday. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research report on Thursday, September 1st. Finally, Davy Research reiterated an “outperform” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Lloyds Banking Group PLC currently has a consensus rating of “Hold” and a consensus target price of $3.50.

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

Shares of Lloyds Banking Group PLC (NYSE:LYG) opened at 2.92 on Thursday. The firm has a market capitalization of $44.39 billion, a price-to-earnings ratio of 42.94 and a beta of 1.33. Lloyds Banking Group PLC has a 52-week low of $2.47 and a 52-week high of $4.58. The stock has a 50 day moving average of $2.83 and a 200 day moving average of $3.16.

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Several hedge funds have recently added to or reduced their stakes in LYG. UBS Group AG increased its stake in Lloyds Banking Group PLC by 185.4% in the third quarter. UBS Group AG now owns 1,763,804 shares of the financial services provider’s stock worth $5,062,000 after buying an additional 1,145,867 shares during the period. Two Sigma Advisers LP bought a new stake in Lloyds Banking Group PLC during the third quarter worth approximately $446,000. KCG Holdings Inc. increased its stake in Lloyds Banking Group PLC by 57.6% in the third quarter. KCG Holdings Inc. now owns 606,405 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 221,740 shares during the period. Profund Advisors LLC increased its stake in Lloyds Banking Group PLC by 9.0% in the third quarter. Profund Advisors LLC now owns 209,874 shares of the financial services provider’s stock worth $602,000 after buying an additional 17,358 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in Lloyds Banking Group PLC by 2,937.6% in the third quarter. Riverhead Capital Management LLC now owns 69,500 shares of the financial services provider’s stock worth $200,000 after buying an additional 67,212 shares during the period. Institutional investors own 1.68% of the company’s stock.

Lloyds Banking Group PLC Company Profile

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.

5 Day Chart for NYSE:LYG

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