Research analysts at Credit Suisse Group AG initiated coverage on shares of Lloyds Banking Group PLC (NYSE:LYG) in a report issued on Tuesday. The firm set a “neutral” rating on the financial services provider’s stock.

Several other research firms have also weighed in on LYG. Deutsche Bank AG lowered Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Monday, September 5th. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Citigroup Inc. restated a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, August 31st. Investec upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Finally, Goldman Sachs Group Inc. restated a “sell” rating on shares of Lloyds Banking Group PLC in a report on Tuesday, November 15th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $3.50.

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

Shares of Lloyds Banking Group PLC (NYSE:LYG) opened at 2.92 on Tuesday. The firm has a market capitalization of $44.39 billion, a PE ratio of 42.94 and a beta of 1.33. The stock’s 50 day moving average price is $2.84 and its 200-day moving average price is $3.15. Lloyds Banking Group PLC has a 12 month low of $2.47 and a 12 month high of $4.55.

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A number of large investors have recently added to or reduced their stakes in the company. UBS Group AG increased its stake in 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 Lloyds Banking Group PLC during the third quarter worth $446,000. KCG Holdings Inc. increased its stake in 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 increased its stake in 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 increased its stake in 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. 1.68% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group PLC Company Profile

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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