Lloyds Banking Group plc (NYSE:LYG) Receives $2.75 Consensus PT from Analysts

Shares of Lloyds Banking Group plc (NYSE:LYG) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $2.75.

A number of analysts recently issued reports on the stock. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group began coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating for the company.

Lloyds Banking Group Trading Down 0.7 %

Shares of Lloyds Banking Group stock opened at $2.70 on Tuesday. The stock has a fifty day moving average price of $2.75 and a 200-day moving average price of $2.91. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The firm has a market cap of $40.91 billion, a PE ratio of 6.92 and a beta of 1.32. Lloyds Banking Group has a 1 year low of $2.00 and a 1 year high of $3.24.

Institutional Investors Weigh In On Lloyds Banking Group

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in Lloyds Banking Group during the third quarter valued at approximately $1,035,000. US Bancorp DE raised its position in Lloyds Banking Group by 36.6% during the third quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock valued at $2,363,000 after purchasing an additional 202,862 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Lloyds Banking Group by 20.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider’s stock worth $3,293,000 after purchasing an additional 180,178 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Lloyds Banking Group by 37.4% in the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after purchasing an additional 929,478 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Lloyds Banking Group by 58.3% during the 3rd quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after purchasing an additional 627,592 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Company Profile

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.