ValuEngine upgraded shares of Lloyds Banking Group PLC (NYSE:LYG) from a hold rating to a buy rating in a research note published on Tuesday.

A number of other research analysts have also weighed in on the stock. Berenberg Bank lowered shares of Lloyds Banking Group PLC from a hold rating to a sell rating in a research note on Monday, March 27th. Deutsche Bank AG raised shares of Lloyds Banking Group PLC from a hold rating to a buy rating in a research note on Monday, May 15th. Sanford C. Bernstein reaffirmed an underperform rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, May 9th. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a sell rating to a hold rating in a report on Wednesday, March 15th. Finally, Goldman Sachs Group, Inc. (The) reiterated a sell rating on shares of Lloyds Banking Group PLC in a report on Monday, May 8th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $3.50.

Lloyds Banking Group PLC (LYG) traded up 1.580% on Tuesday, hitting $3.535. 2,569,842 shares of the stock traded hands. The firm has a market capitalization of $69.98 billion, a PE ratio of 23.257 and a beta of 0.89. Lloyds Banking Group PLC has a 52 week low of $2.47 and a 52 week high of $4.35. The stock has a 50 day moving average of $3.68 and a 200 day moving average of $3.42.

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A number of hedge funds have recently bought and sold shares of LYG. Schafer Cullen Capital Management Inc. bought a new stake in Lloyds Banking Group PLC during the first quarter worth about $101,000. Fulton Bank N.A. bought a new stake in Lloyds Banking Group PLC during the first quarter worth about $111,000. Private Advisor Group LLC increased its stake in Lloyds Banking Group PLC by 199.6% in the first quarter. Private Advisor Group LLC now owns 42,947 shares of the financial services provider’s stock worth $121,000 after buying an additional 28,612 shares during the period. Signaturefd LLC bought a new stake in Lloyds Banking Group PLC during the first quarter worth about $125,000. Finally, Hollencrest Securities LLC increased its stake in Lloyds Banking Group PLC by 1.0% in the first quarter. Hollencrest Securities LLC now owns 37,103 shares of the financial services provider’s stock worth $126,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 1.96% of the company’s stock.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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

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