Lloyds Banking Group plc (NYSE:LYG) Receives Consensus Rating of “Hold” from Analysts

Lloyds Banking Group plc (NYSE:LYGGet Free Report) has been assigned an average rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $2.75.

A number of research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating for the company. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th.

Check Out Our Latest Stock Report on LYG

Institutional Investors Weigh In On Lloyds Banking Group

Institutional investors have recently bought and sold shares of the company. Brentview Investment Management LLC acquired a new position in shares of Lloyds Banking Group during the 4th quarter worth approximately $31,000. Aletheian Wealth Advisors LLC acquired a new position in Lloyds Banking Group in the 3rd quarter valued at $34,000. Simon Quick Advisors LLC acquired a new position in Lloyds Banking Group in the 4th quarter valued at $35,000. Cerro Pacific Wealth Advisors LLC acquired a new position in Lloyds Banking Group in the 4th quarter valued at $37,000. Finally, Insigneo Advisory Services LLC acquired a new position in Lloyds Banking Group in the 2nd quarter valued at $42,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG opened at $3.06 on Friday. The stock has a market cap of $46.29 billion, a PE ratio of 7.83 and a beta of 1.31. The business has a fifty day moving average of $2.74 and a two-hundred day moving average of $2.91. Lloyds Banking Group has a 52-week low of $2.00 and a 52-week high of $3.24.

Lloyds Banking Group (NYSE:LYGGet Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $10.41 billion during the quarter. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. During the same period in the previous year, the business posted $0.10 earnings per share. Analysts predict that Lloyds Banking Group will post 0.33 earnings per share for the current year.

About Lloyds Banking Group

(Get Free Report

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.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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