Lloyds TSB Group plc Lowered to “Hold” at Numis Securities Ltd (LYG)
Lloyds TSB Group plc (NYSE:LYG) was downgraded by equities research analysts at Numis Securities Ltd to a “hold” rating in a research note issued to investors on Tuesday, American Banking & Market News reports.
Shares of Lloyds TSB Group plc (NYSE:LYG) traded down 4.69% on Tuesday, hitting $5.08. 2,932,545 shares of the company’s stock traded hands. Lloyds TSB Group plc has a 52-week low of $2.04 and a 52-week high of $4.94. The stock’s 50-day moving average is $4.6 and its 200-day moving average is $3.77. The company has a market cap of $91.473 billion and a price-to-earnings ratio of 70.13.
Lloyds TSB Group plc (NYSE:LYG) last released its earnings data on Tuesday, October 29th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.62 billion. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Lloyds TSB Group plc will post $0.34 earnings per share for the current fiscal year.
LYG has been the subject of a number of other recent research reports. Analysts at Investec downgraded shares of Lloyds TSB Group plc from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Lloyds TSB Group plc from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 23rd. Finally, analysts at ING Group upgraded shares of Lloyds TSB Group plc from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The company 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.