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

Lloyds Banking Group plc (NYSE:LYG) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation 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.

Several brokerages have issued reports on LYG. The Goldman Sachs Group started coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th.

Lloyds Banking Group Price Performance

LYG stock opened at $2.75 on Tuesday. The firm has a market cap of $41.67 billion, a P/E ratio of 7.05 and a beta of 1.31. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. Lloyds Banking Group has a 1 year low of $2.00 and a 1 year high of $3.24. The stock has a 50-day simple moving average of $2.74 and a 200-day simple moving average of $2.91.

Institutional Trading of Lloyds Banking Group

Several institutional investors have recently added to or reduced their stakes in LYG. Bard Financial Services Inc. grew its holdings in Lloyds Banking Group by 0.6% during the 4th quarter. Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider’s stock worth $6,600,000 after acquiring an additional 13,500 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after purchasing an additional 2,456,914 shares in the last quarter. Logan Capital Management Inc. increased its holdings in Lloyds Banking Group by 4.5% in the third quarter. Logan Capital Management Inc. now owns 1,059,457 shares of the financial services provider’s stock valued at $3,306,000 after buying an additional 45,249 shares during the last quarter. Synovus Financial Corp raised its stake in Lloyds Banking Group by 95.5% during the third quarter. Synovus Financial Corp now owns 115,232 shares of the financial services provider’s stock valued at $360,000 after buying an additional 56,296 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Lloyds Banking Group during the 3rd quarter worth approximately $262,000. 2.15% of the stock is owned by institutional investors and hedge funds.

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.