Brokerage Firm Rating Update on Lloyds Banking Group Plc (LYG)

Lloyds Banking Group Plc (LYG) : The consensus on Lloyds Banking Group Plc (LYG) based on 4 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Lloyds Banking Group Plc (LYG).


The shares have received a consensus rating of Sell for the current week Also, Major Brokerage house, Berenberg upgrades its ratings on Lloyds Banking Group Plc (NYSE:LYG). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on July 26, 2016.

Lloyds Banking Group Plc (NYSE:LYG): stock was range-bound between the intraday low of $3.12 and the intraday high of $3.15 after having opened at $3.14 on Wednesdays session. The stock finally closed in the red at $3.14, a loss of -1.26%. The stock remained in the red for the whole trading day. The total traded volume was 3,984,954 shares. The stock failed to cross $3.15 in Wednesdays trading. The stocks closing price on Thursday was $3.17.

Lloyds Banking Group plc is engaged in providing financial services to individual and business customers in the United Kingdom and in certain locations overseas. The Company offers retail and commercial banking, and long-term savings, protection and investment. It operates through five segments: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc (TSB). Retail segment provides banking, mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking segment provides banking and related services to business clients. Consumer Finance segment provides asset finance and credit card products. Insurance segment provides long-term savings, protection and investment products, as well as general insurance products in the United Kingdom. TSB is engaged in retail banking business. Its services are offered through various brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *