Lloyds Banking Group (LYG) Receives Buy Rating from UBS
A number of other brokerages have also commented on LYG. Zacks Investment Research lowered Lloyds Banking Group from a buy rating to a hold rating in a research note on Friday, August 25th. Goldman Sachs Group reaffirmed a sell rating on shares of Lloyds Banking Group in a research note on Wednesday, September 6th. Credit Suisse Group raised Lloyds Banking Group from a neutral rating to an outperform rating in a research note on Tuesday, October 10th. Finally, Macquarie lowered Lloyds Banking Group from a neutral rating to an underperform rating in a research note on Wednesday, November 29th. Seven research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Lloyds Banking Group has an average rating of Hold and an average target price of $4.00.
Shares of Lloyds Banking Group (NYSE:LYG) traded down $0.01 during mid-day trading on Monday, reaching $3.62. The company had a trading volume of 2,825,500 shares, compared to its average volume of 5,589,417. Lloyds Banking Group has a 12 month low of $3.06 and a 12 month high of $3.87. The stock has a market capitalization of $65,310.39, a price-to-earnings ratio of 6.72 and a beta of 0.76. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.38 and a quick ratio of 1.39.
About Lloyds Banking Group
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.
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