Lloyds Banking Group plc (NYSE: LYG) given the consensus “Buy” rating by brokerage firms
Lloyds Banking Group plc (NYSE: LYG) has achieved a consensus “Buy” 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 “buy” 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 “hold” rating to a “buy” 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.
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