Lloyds Banking Group PLC Stock Rating Reaffirmed by Citigroup Inc. (LYG)
Shares of Lloyds Banking Group PLC (NYSE:LYG) traded down 0.77% during mid-day trading on Friday, hitting $5.17. The stock had a trading volume of 1,622,873 shares. Lloyds Banking Group PLC has a one year low of $3.78 and a one year high of $5.76. The stock’s 50-day moving average is $5.24 and its 200-day moving average is $5.28. The company’s market cap is $92.737 billion. Lloyds Banking Group PLC also was the recipient of a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 13,134,064 shares, an increase of 63.5% from the May 30th total of 8,033,379 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 8,531,247 shares, the short-interest ratio is presently 1.5 days.
A number of other firms have also recently commented on LYG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Monday. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy”.
Lloyds Banking Group plc, is a holding company. The Company 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.