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

Lloyds Banking Group plc (NYSE:LYG) has earned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat.com 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 objective among brokerages that have issued a report on the stock in the last year is $2.75.

A number of research firms recently issued reports on LYG. Kepler Capital Markets began coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating on the stock. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on shares of Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating on the stock. Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th.

Lloyds Banking Group Stock Down 2.8 %

Lloyds Banking Group stock opened at $2.73 on Monday. The company has a fifty day simple moving average of $3.03 and a 200 day simple moving average of $2.91. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. Lloyds Banking Group has a 1-year low of $1.99 and a 1-year high of $3.24. The company has a market cap of $41.96 billion, a P/E ratio of 7.00 and a beta of 1.35.

Hedge Funds Weigh In On Lloyds Banking Group

Several institutional investors and hedge funds have recently modified their holdings of LYG. Transcend Capital Advisors LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $28,000. Interchange Capital Partners LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth $28,000. Intergy Private Wealth LLC bought a new stake in shares of Lloyds Banking Group in the second quarter valued at about $29,000. Tcwp LLC acquired a new position in shares of Lloyds Banking Group in the second quarter valued at about $32,000. Finally, Aletheian Wealth Advisors LLC acquired a new stake in Lloyds Banking Group in the 3rd quarter worth about $34,000. 2.15% of the stock is currently 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.