Lloyds Banking Group plc (NYSE:LYG) Given Consensus Rating of “Hold” by Brokerages

Lloyds Banking Group plc (NYSE:LYG) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $2.75.

A number of equities research analysts recently weighed in on LYG shares. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Finally, Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Lloyds Banking Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Interchange Capital Partners LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $28,000. Intergy Private Wealth LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth $29,000. Tcwp LLC purchased a new position in Lloyds Banking Group in the 2nd quarter valued at $32,000. Aletheian Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group during the third quarter worth about $34,000. Finally, Fiduciary Financial Group LLC purchased a new stake in Lloyds Banking Group in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 0.6 %

Shares of NYSE:LYG opened at $2.69 on Friday. The firm has a 50 day simple moving average of $2.89 and a 200-day simple moving average of $2.92. Lloyds Banking Group has a twelve month low of $2.00 and a twelve month high of $3.24. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $41.06 billion, a PE ratio of 6.88 and a beta of 1.33.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.