Davy Research lowered shares of Lloyds Banking Group (NYSE:LYG) from an outperform rating to a neutral rating in a research report released on Wednesday, MarketBeat.com reports.
Other equities research analysts have also recently issued reports about the stock. Deutsche Bank reiterated a buy rating on shares of Lloyds Banking Group in a report on Friday, February 9th. JPMorgan Chase & Co. reiterated a buy rating on shares of Lloyds Banking Group in a report on Thursday, February 1st. UBS Group reiterated a buy rating on shares of Lloyds Banking Group in a report on Monday, December 11th. Morgan Stanley cut shares of Lloyds Banking Group from an overweight rating to an equal rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research cut shares of Lloyds Banking Group from a buy rating to a hold rating in a report on Thursday, November 23rd. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Lloyds Banking Group currently has a consensus rating of Hold and a consensus target price of $4.00.
Shares of Lloyds Banking Group (NYSE:LYG) opened at $3.85 on Wednesday. The stock has a market cap of $68,466.70, a price-to-earnings ratio of 16.74 and a beta of 0.80. Lloyds Banking Group has a fifty-two week low of $3.15 and a fifty-two week high of $4.21.
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About Lloyds Banking Group
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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