Lloyds Banking Group (NYSE:LYG) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Monday, Benzinga reports.
Several other research analysts have also issued reports on LYG. Berenberg Bank reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Friday, February 26th. UBS Group reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, March 1st. Investec downgraded shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, January 11th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday, March 2nd. Finally, JPMorgan Chase & Co. raised shares of Lloyds Banking Group from a “neutral” rating to an “overweight” rating in a research note on Monday, March 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Lloyds Banking Group currently has a consensus rating of “Buy” and a consensus target price of $2.50.
Shares of NYSE:LYG opened at $2.29 on Monday. Lloyds Banking Group has a 52-week low of $1.17 and a 52-week high of $2.43. The firm has a fifty day moving average of $2.30 and a 200 day moving average of $1.93. The firm has a market capitalization of $40.62 billion, a PE ratio of 4.32 and a beta of 1.45.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services 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 loans, leasing solutions, credit cards, and other financial services to personal and small business customers.
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