Lloyds Banking Group (NYSE:LYG) Lifted to Neutral at Redburn Partners

Lloyds Banking Group (NYSE:LYG) was upgraded by equities researchers at Redburn Partners from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday, Briefing.com reports.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group upgraded shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a report on Sunday, February 7th. Societe Generale reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Friday, April 23rd. Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group in a report on Friday, April 30th. Berenberg Bank reiterated a “hold” rating on shares of Lloyds Banking Group in a report on Friday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2.75.

Shares of LYG opened at $2.69 on Monday. Lloyds Banking Group has a one year low of $1.17 and a one year high of $2.71. The company has a 50-day simple moving average of $2.41 and a two-hundred day simple moving average of $2.06. The firm has a market capitalization of $47.71 billion, a PE ratio of 5.08 and a beta of 1.45.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Wednesday, April 28th. The financial services provider reported $0.10 EPS for the quarter. The company had revenue of $5.26 billion during the quarter. Analysts anticipate that Lloyds Banking Group will post 0.07 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of LYG. Crossmark Global Holdings Inc. grew its position in Lloyds Banking Group by 3.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,105,638 shares of the financial services provider’s stock worth $2,167,000 after purchasing an additional 35,773 shares during the period. Ritholtz Wealth Management grew its position in Lloyds Banking Group by 92.7% in the 4th quarter. Ritholtz Wealth Management now owns 139,898 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 67,299 shares during the period. JustInvest LLC grew its position in Lloyds Banking Group by 20.3% in the 4th quarter. JustInvest LLC now owns 68,567 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 11,560 shares during the period. Kestra Advisory Services LLC grew its position in Lloyds Banking Group by 116.8% in the 4th quarter. Kestra Advisory Services LLC now owns 29,495 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 15,892 shares during the period. Finally, Altfest L J & Co. Inc. grew its position in Lloyds Banking Group by 672.5% in the 4th quarter. Altfest L J & Co. Inc. now owns 126,784 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 110,372 shares during the period. 1.30% of the stock is owned by institutional investors and hedge funds.

About Lloyds Banking Group

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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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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