ING Group Upgrades Lloyds TSB Group plc to “Hold” (LYG)
Lloyds TSB Group plc (NYSE:LYG) was upgraded by analysts at ING Group from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, American Banking News reports.
Shares of Lloyds TSB Group plc (NYSE:LYG) opened at 4.79 on Tuesday. Lloyds TSB Group plc has a 52-week low of $2.32 and a 52-week high of $5.08. The stock’s 50-day moving average is $4.70 and its 200-day moving average is $3.85. The company has a market cap of $86.251 billion and a P/E ratio of 63.03.
A number of other firms have also recently commented on LYG. Analysts at Barclays Capital upgraded shares of Lloyds TSB Group plc (NYSE:LYG) from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, August 2nd. Analysts at Nomura upgraded shares of Lloyds TSB Group plc (NYSE:LYG) from a “reduce” rating to a “buy” rating in a research note to investors on Friday, July 5th.
Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold”.
Lloyds Banking Group plc is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.
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