The J P Morgan Chase & Co Reaffirms “Buy” Rating for Lloyds Banking Group PLC (LYG), Report finds

The J P Morgan Chase & Co Reaffirms “Buy” Rating for Lloyds Banking Group PLC (LYG), Report finds

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a sell rating to a hold rating in a research report on Thursday, December 15th. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating on shares of Lloyds Banking Group PLC in a research note on Thursday, December 1st. Citigroup Inc. reaffirmed a sell rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, January 11th. Credit Suisse Group began coverage on shares of Lloyds Banking Group PLC in a research note on Tuesday, November 29th. They set a neutral rating for the company. Finally, Deutsche Bank AG reissued a neutral rating on shares of Lloyds Banking Group PLC in a research note on Thursday, December 1st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $3.50.

J P Morgan Chase & Co restated their buy rating on shares of Lloyds Banking Group PLC (NYSE:LYG) in a research report released on Monday.

Shares of Lloyds Banking Group PLC (NYSE:LYG) traded down 0.150% during trading on Monday, reaching $3.335. 1,298,107 shares of the company’s stock were exchanged. Lloyds Banking Group PLC has a 52-week low of $2.47 and a 52-week high of $4.42. The firm has a market capitalization of $50.70 billion, a P/E ratio of 46.319 and a beta of 1.17. The company has a 50 day moving average of $3.27 and a 200 day moving average of $3.03.

A number of large investors have recently added to or reduced their stakes in LYG. Hollencrest Securities LLC raised its stake in Lloyds Banking Group PLC by 28.5% in the third quarter. Hollencrest Securities LLC now owns 36,748 shares of the financial services provider’s stock valued at $105,000 after buying an additional 8,156 shares during the period. Eqis Capital Management Inc. raised its stake in Lloyds Banking Group PLC by 217.8% in the third quarter. Eqis Capital Management Inc. now owns 48,232 shares of the financial services provider’s stock valued at $138,000 after buying an additional 33,056 shares during the period. IPG Investment Advisors LLC acquired a new stake in Lloyds Banking Group PLC during the third quarter valued at $138,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Lloyds Banking Group PLC during the third quarter valued at $191,000. Finally, Riverhead Capital Management LLC raised its stake in Lloyds Banking Group PLC by 2,937.6% in the third quarter. Riverhead Capital Management LLC now owns 69,500 shares of the financial services provider’s stock valued at $200,000 after buying an additional 67,212 shares during the period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

About Lloyds Banking Group PLC

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

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