Lloyds Banking Group Plc (LYG) : Analyst Rating Update

Lloyds Banking Group Plc (LYG) : 2 brokerage houses believe that Lloyds Banking Group Plc (LYG) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Lloyds Banking Group Plc (LYG). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.

Lloyds Banking Group Plc (NYSE:LYG): The stock opened at $2.57 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.59 for the day. The stock traded down to $2.47 during the day, due to lack of any buying support eventually closed down at $2.55 with a loss of -6.93% for the day. The stock had closed at $2.74 on the previous day. The total traded volume was 34,094,497 shares.

The company shares have dropped -45.85% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $5.54 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $3.85 and the 200 Day Moving Average price is recorded at $3.91.

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.

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