Lloyds Banking Group PLC (NYSE:LYG)‘s stock had its “sell” rating reissued by Goldman Sachs Group Inc. in a research report issued on Tuesday.

A number of other research analysts also recently weighed in on the company. Berenberg Bank raised Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Beaufort Securities reissued a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 3rd. Zacks Investment Research raised Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Davy Research reissued an “outperform” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, October 27th. Finally, Citigroup Inc. reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 46.75 ($0.58).

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

Lloyds Banking Group PLC (NYSE:LYG) opened at 3.02 on Tuesday. Lloyds Banking Group PLC has a 52 week low of $2.47 and a 52 week high of $4.58. The stock has a market cap of $45.91 billion, a P/E ratio of 41.94 and a beta of 1.33. The firm has a 50-day moving average price of $2.81 and a 200-day moving average price of $3.21.

Several institutional investors have recently added to or reduced their stakes in LYG. UBS Group AG raised its stake in shares of Lloyds Banking Group PLC by 185.4% in the third quarter. UBS Group AG now owns 1,763,804 shares of the financial services provider’s stock worth $5,062,000 after buying an additional 1,145,867 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Lloyds Banking Group PLC during the third quarter worth about $446,000. KCG Holdings Inc. raised its stake in shares of Lloyds Banking Group PLC by 57.6% in the third quarter. KCG Holdings Inc. now owns 606,405 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 221,740 shares during the period. Profund Advisors LLC raised its stake in shares of Lloyds Banking Group PLC by 9.0% in the third quarter. Profund Advisors LLC now owns 209,874 shares of the financial services provider’s stock worth $602,000 after buying an additional 17,358 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in shares of Lloyds Banking Group PLC by 2,937.6% in the third quarter. Riverhead Capital Management LLC now owns 69,500 shares of the financial services provider’s stock worth $200,000 after buying an additional 67,212 shares during the period. 1.72% of the stock is currently owned by institutional investors.

About Lloyds Banking Group PLC

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

5 Day Chart for NYSE:LYG

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