Lloyds Banking Group plc (NYSE: LYG) given the consensus “Buy” rating by brokerage firms
Lloyds Banking Group plc (NYSE: LYG) has achieved a consensus âBuyâ rating from the seventeen rating companies that cover the company, reports MarketBeat. One research analyst rated the stock with a sell recommendation, five assigned a keep recommendation, and eleven gave the company a buy recommendation. The one-year average price target among analysts who updated their stock coverage in the past year is $ 2.75.
A number of research analysts recently commented on LYG’s shares. Berenberg Bank reaffirmed the hold rating of Lloyds Banking Group shares in a research report on Friday April 30. UBS Group reissued a âbuyâ note on Lloyds Banking Group shares in a report released on Friday April 23. JPMorgan Chase & Co. reissued an “overweight” rating on Lloyds Banking Group shares in a report released on Friday, June 11. Morgan Stanley reissued an “overweight” rating on Lloyds Banking Group shares in a report released Tuesday (April 6th). Finally, Investec upgraded Lloyds Banking Group from a âholdâ rating to a âbuyâ rating in a report released on Monday, June 21.
Several institutional investors have recently changed their positions in LYG. JPMorgan Chase & Co. increased its position in Lloyds Banking Group shares by 13.0% during the 4th quarter. JPMorgan Chase & Co. now owns 42,542,277 shares of the financial services provider valued at $ 83,383,000 after purchasing an additional 4,902,920 shares in the last quarter. BlackRock Inc. increased its position in Lloyds Banking Group shares by 72,599.5% during the 1st quarter. BlackRock Inc. now owns 3,187,873 shares of the financial services provider valued at $ 7,396,000 after purchasing an additional 3,183,488 shares during the last quarter. Northern Trust Corp increased its position in Lloyds Banking Group shares by 17.3% during the 4th quarter. Northern Trust Corp now owns 15,255,048 shares of the financial services provider valued at $ 29,900,000 after purchasing an additional 2,247,723 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Lloyds Banking Group shares by 19.8% in the first quarter. CIBC Private Client Group LLC now owns 12,331,967 shares of the financial services provider valued at $ 28,611,000 after purchasing an additional 2,037,124 shares in the last quarter. Finally, Bard Financial Services Inc. purchased a new position in Lloyds Banking Group shares during the 4th quarter for a value of approximately $ 3,635,000. Hedge funds and other institutional investors own 1.39% of the company’s shares.
Lloyds Banking Group shares traded up $ 0.01 in Wednesday’s trading, reaching $ 2.53. 220,208 shares of the company were traded, for an average volume of 4,346,353. The company has a 50-day simple moving average of $ 2.65. Lloyds Banking Group has a 52 week low of $ 1.17 and a 52 week high of $ 2.83. The company has a market cap of $ 44.87 billion, a P / E ratio of 20.92, a P / E / G ratio of 0.24, and a beta of 1.51. The company has a debt to equity ratio of 1.96, a current ratio of 1.13, and a quick ratio of 1.13.
Lloyds Banking Group (NYSE: LYG) last released its quarterly earnings data on Wednesday, April 28. The financial services provider reported earnings of $ 0.10 per share for the quarter. The company posted sales of $ 5.26 billion in the quarter. Stock analysts expect Lloyds Banking Group to post earnings per share of 0.34 for the current year.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the UK and internationally. It operates through three segments: Retail; The Commercial Bank; and Insurance and heritage. The Retail segment offers a range of financial services products, including current accounts, savings accounts, mortgages, auto finance, unsecured loans, leasing solutions, credit cards and other financial services to individuals and small businesses.
Read more: Sell-side analysts
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Featured article: Bear Market – How and Why They Happen
7 sports betting stocks that will shine beyond the madness of March
One of the many consequences of the new coronavirus has been the cessation of live sports. For athletes, one of the most missed events was the NCAA basketball tournament affectionately known as March Madness.
But in addition to missing out on the entertainment that sport offers, cities and states have realized, if they hadn’t already, that sport is an economic necessity.
Live sports may also be a key to their post-pandemic future. But it goes beyond hotels and restaurants.
Sports betting has become big business. Currently, 25 states and the District of Columbia have legalized sports betting either by law or by ballot. This list is likely to grow longer. Many states are facing budget deficits and want to legalize sports betting for the revenue they could make from it.
And it’s not just about allowing players to place bets through a bookmaker in a casino. The real driver of this is mobile sports betting. According to the American Gaming Association, more than 47 million people are expected to place bets during the NCAA basketball tournament, with about a third of those bets (17.8 million) being placed online.
To help you take advantage of this ever-emerging trend, we’ve put together this special presentation. Here, we’ll highlight seven sports betting stocks that are expected to generate significant income during March Madness and beyond.
Check out the “7 Sports Betting Actions That Will Shine Beyond The March Madness.”