Lloyds Banking Group plc (NYSE:LYG) Receives $2.75 Average Price Target from Brokerages

Shares of Lloyds Banking Group plc (NYSE:LYG) have received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $2.75.

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

Lloyds Banking Group Trading Down 1.1 %

Shares of Lloyds Banking Group stock opened at $2.70 on Friday. The company’s fifty day moving average price is $2.90 and its two-hundred day moving average price is $2.92. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. Lloyds Banking Group has a 52-week low of $2.00 and a 52-week high of $3.24. The firm has a market capitalization of $41.29 billion, a PE ratio of 6.92 and a beta of 1.32.

Hedge Funds Weigh In On Lloyds Banking Group

Several institutional investors have recently added to or reduced their stakes in LYG. Interchange Capital Partners LLC bought a new position in shares of Lloyds Banking Group during the 2nd quarter valued at about $28,000. Intergy Private Wealth LLC purchased a new stake in Lloyds Banking Group in the second quarter worth $29,000. Tcwp LLC bought a new position in Lloyds Banking Group in the second quarter worth $32,000. Aletheian Wealth Advisors LLC purchased a new position in Lloyds Banking Group during the third quarter valued at $34,000. Finally, Fiduciary Financial Group LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $35,000. Institutional investors own 2.15% of the company’s stock.

About Lloyds Banking Group

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.