Lloyds Banking Group’s (LYG) “Sell” Rating Reiterated at Goldman Sachs Group

Goldman Sachs Group restated their sell rating on shares of Lloyds Banking Group (NYSE:LYG) in a research note released on Wednesday morning.

LYG has been the subject of several other research reports. Zacks Investment Research lowered shares of Lloyds Banking Group from a buy rating to a hold rating in a research report on Saturday, September 2nd. Credit Suisse Group raised shares of Lloyds Banking Group from a neutral rating to an outperform rating in a research report on Tuesday, October 10th. Macquarie lowered shares of Lloyds Banking Group from a neutral rating to an underperform rating in a research report on Wednesday, November 29th. Finally, UBS reissued a buy rating on shares of Lloyds Banking Group in a research report on Wednesday, November 29th. Seven research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $4.00.

Lloyds Banking Group (NYSE LYG) opened at $3.63 on Wednesday. Lloyds Banking Group has a 52-week low of $3.06 and a 52-week high of $3.87. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.38 and a quick ratio of 1.39. The stock has a market cap of $65,305.28, a PE ratio of 6.72 and a beta of 0.76.

Several hedge funds and other institutional investors have recently bought and sold shares of LYG. Bank of Montreal Can increased its holdings in shares of Lloyds Banking Group by 9.0% during the second quarter. Bank of Montreal Can now owns 45,681 shares of the financial services provider’s stock worth $161,000 after buying an additional 3,790 shares in the last quarter. CAPROCK Group Inc. increased its holdings in shares of Lloyds Banking Group by 33.1% during the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after buying an additional 7,632 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Lloyds Banking Group by 40.9% during the second quarter. TD Asset Management Inc. now owns 1,874,351 shares of the financial services provider’s stock worth $6,616,000 after buying an additional 543,685 shares in the last quarter. Advisor Partners LLC increased its holdings in shares of Lloyds Banking Group by 107.8% during the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after buying an additional 20,020 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in shares of Lloyds Banking Group by 3.3% during the second quarter. Wetherby Asset Management Inc. now owns 97,066 shares of the financial services provider’s stock worth $343,000 after buying an additional 3,131 shares in the last quarter. 2.12% of the stock is owned by institutional investors.

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About Lloyds Banking Group

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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