Lloyds Banking Group PLC (NYSE:LYG) Given Average Rating of “Moderate Buy” by Analysts

Lloyds Banking Group PLC (NYSE:LYGGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company.

LYG has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, December 1st. Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. BNP Paribas Exane lowered Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th.

View Our Latest Research Report on Lloyds Banking Group

Lloyds Banking Group News Roundup

Here are the key news stories impacting Lloyds Banking Group this week:

Lloyds Banking Group Price Performance

Shares of NYSE LYG opened at $5.93 on Friday. Lloyds Banking Group has a 1-year low of $2.97 and a 1-year high of $5.98. The business has a fifty day moving average price of $5.29 and a 200 day moving average price of $4.77. The stock has a market capitalization of $87.30 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.68 and a beta of 0.89.

Hedge Funds Weigh In On Lloyds Banking Group

Hedge funds have recently modified their holdings of the stock. Anchyra Partners LLC acquired a new stake in Lloyds Banking Group in the 4th quarter worth approximately $273,000. D.A. Davidson & CO. lifted its stake in shares of Lloyds Banking Group by 44.1% during the fourth quarter. D.A. Davidson & CO. now owns 22,241 shares of the financial services provider’s stock worth $118,000 after buying an additional 6,803 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter valued at $54,000. Sanctuary Advisors LLC increased its position in shares of Lloyds Banking Group by 1.3% in the 4th quarter. Sanctuary Advisors LLC now owns 195,055 shares of the financial services provider’s stock valued at $1,034,000 after acquiring an additional 2,598 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in Lloyds Banking Group by 69.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 40,583 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 16,628 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Company Profile

(Get Free Report)

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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