Shares of Lloyds Banking Group PLC (NYSE:LYG) have earned an average rating of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given 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 $4.00.

Several analysts have recently commented on the company. Zacks Investment Research raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Credit Suisse Group raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Finally, BidaskClub downgraded Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd.

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in Lloyds Banking Group PLC by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after buying an additional 215 shares during the last quarter. CAPROCK Group Inc. increased its position in Lloyds Banking Group PLC by 33.1% in the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after buying an additional 7,632 shares during the last quarter. Advisor Partners LLC increased its position in Lloyds Banking Group PLC by 107.8% in the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after buying an additional 20,020 shares during the last quarter. American Asset Management Inc. purchased a new stake in Lloyds Banking Group PLC in the second quarter worth $145,000. Finally, Hollencrest Securities LLC increased its position in Lloyds Banking Group PLC by 19.0% in the second quarter. Hollencrest Securities LLC now owns 44,136 shares of the financial services provider’s stock worth $156,000 after buying an additional 7,033 shares during the last quarter. 2.13% of the stock is owned by institutional investors and hedge funds.

Shares of Lloyds Banking Group PLC (NYSE:LYG) traded up 0.27% during midday trading on Thursday, reaching $3.69. The company had a trading volume of 2,272,825 shares. The stock has a market capitalization of $58.74 billion, a PE ratio of 32.95 and a beta of 0.71. The stock’s 50 day moving average is $3.58 and its 200-day moving average is $3.54. Lloyds Banking Group PLC has a 12-month low of $2.73 and a 12-month high of $3.87.

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Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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

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