Lloyds Banking Group (LYG) Receives Sell Rating from Goldman Sachs Group
Several other research firms have also issued reports on LYG. Zacks Investment Research lowered Lloyds Banking Group from a buy rating to a hold rating in a report on Friday, August 25th. Credit Suisse Group raised Lloyds Banking Group from a neutral rating to an outperform rating in a report on Tuesday, October 10th. UBS reaffirmed a buy rating on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Finally, Macquarie lowered Lloyds Banking Group from a neutral rating to an underperform rating in a report on Wednesday, November 29th. Seven analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Lloyds Banking Group has a consensus rating of Hold and an average target price of $4.00.
Shares of Lloyds Banking Group (NYSE LYG) traded down $0.04 during trading on Wednesday, hitting $3.50. The stock had a trading volume of 2,827,700 shares, compared to its average volume of 5,619,705. The stock has a market capitalization of $63,686.14, a P/E ratio of 6.56 and a beta of 0.76. Lloyds Banking Group has a 12-month low of $3.06 and a 12-month high of $3.87. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79.
Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Lloyds Banking Group by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 215 shares in the last quarter. CAPROCK Group Inc. grew its holdings in Lloyds Banking Group by 33.1% during the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 7,632 shares during the period. Keybank National Association OH bought a new position in Lloyds Banking Group during the third quarter valued at $123,000. Advisor Partners LLC grew its holdings in Lloyds Banking Group by 107.8% during the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 20,020 shares during the period. Finally, American Asset Management Inc. bought a new position in Lloyds Banking Group during the second quarter valued at $145,000. 2.12% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This story was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://theolympiareport.com/2017/12/07/lloyds-banking-group-lyg-receives-sell-rating-from-goldman-sachs-group.html.
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.
Receive News & Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.