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

Lloyds Banking Group plc (NYSE:LYGGet Free Report) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $49.38.

Several equities research analysts have recently weighed in on LYG shares. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday. Berenberg Bank began coverage on shares of Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating for the company. Finally, Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 21st.

View Our Latest Analysis on LYG

Lloyds Banking Group Trading Up 1.4 %

Shares of NYSE:LYG opened at $2.99 on Tuesday. Lloyds Banking Group has a 52 week low of $1.88 and a 52 week high of $3.02. The company’s 50 day moving average is $2.76 and its two-hundred day moving average is $2.50. The company has a market cap of $47.01 billion, a PE ratio of 7.87, a P/E/G ratio of 1.25 and a beta of 1.35. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82.

Lloyds Banking Group (NYSE:LYGGet Free Report) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The firm had revenue of $14.35 billion for the quarter. Equities analysts predict that Lloyds Banking Group will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lloyds Banking Group

Hedge funds have recently modified their holdings of the business. Transcend Capital Advisors LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $28,000. TCG Advisory Services LLC purchased a new position in Lloyds Banking Group in the 4th quarter valued at $25,000. Naples Money Management LLC acquired a new position in Lloyds Banking Group in the 4th quarter valued at $25,000. Atria Wealth Solutions Inc. purchased a new position in Lloyds Banking Group during the 4th quarter worth $26,000. Finally, D Orazio & Associates Inc. acquired a new stake in shares of Lloyds Banking Group in the 4th quarter worth $26,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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