Lloyds TSB Group plc Stock Rating Lowered by Investec (LYG)
Lloyds TSB Group plc (NYSE:LYG) was downgraded by investment analysts at Investec from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Analyst Ratings Network reports.
A number of other analysts have also recently weighed in on LYG. Analysts at ING Group downgraded shares of Lloyds TSB Group plc from a “buy” rating to a “hold” rating in a research note to investors on Friday. Finally, analysts at Numis Securities Ltd downgraded shares of Lloyds TSB Group plc to a “hold” rating in a research note to investors on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold”.
Shares of Lloyds TSB Group plc (NYSE:LYG) traded down 3.06% during mid-day trading on Friday, hitting $5.39. 4,793,304 shares of the company’s stock traded hands. Lloyds TSB Group plc has a 52-week low of $2.82 and a 52-week high of $5.76. The stock has a 50-day moving average of $5.31 and a 200-day moving average of $4.87. The company’s market cap is $68.259 billion.
Lloyds TSB Group plc (NYSE:LYG) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Lloyds TSB Group plc will post $0.36 EPS for the current fiscal year.
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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