Lloyds Banking Group (NYSE:LYG) Shares Gap Up to $2.34

Lloyds Banking Group PLC (NYSE:LYG)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.29, but opened at $2.34. Lloyds Banking Group shares last traded at $2.39, with a volume of 4,738,692 shares changing hands.

LYG has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 16th. Davy Research upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 28th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 28th. Finally, Zacks Investment Research downgraded Lloyds Banking Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $3.75.

The company has a 50-day moving average price of $2.61 and a 200 day moving average price of $2.99. The firm has a market capitalization of $42.88 billion, a PE ratio of 7.21 and a beta of 1.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.49 and a quick ratio of 1.49.



Large investors have recently bought and sold shares of the stock. Schroder Investment Management Group purchased a new stake in shares of Lloyds Banking Group in the second quarter worth about $25,000. FLC Capital Advisors purchased a new stake in shares of Lloyds Banking Group in the second quarter worth about $29,000. Assetmark Inc. purchased a new stake in shares of Lloyds Banking Group in the second quarter worth about $29,000. Private Trust Co. NA purchased a new stake in shares of Lloyds Banking Group in the second quarter worth about $30,000. Finally, Arden Trust Co purchased a new stake in shares of Lloyds Banking Group in the second quarter worth about $30,000. Institutional investors own 1.96% of the company’s stock.

Lloyds Banking Group Company Profile (NYSE:LYG)

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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