Lloyds Banking Group PLC Receives “Buy” Rating from Investec (LYG)
A number of other analysts have also recently weighed in on LYG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Lloyds Banking Group PLC has an average rating of “Buy”.
Lloyds Banking Group PLC (NYSE:LYG) traded up 1.33% on Friday, hitting $5.32. 2,085,484 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 52-week low of $3.85 and a 52-week high of $5.76. The stock has a 50-day moving average of $5.23 and a 200-day moving average of $5.29. The company’s market cap is $95.428 billion. Lloyds Banking Group PLC also was the target of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 13,134,064 shares, a growth of 63.5% from the May 30th total of 8,033,379 shares. Based on an average daily trading volume, of 8,531,247 shares, the short-interest ratio is presently 1.5 days. Currently, 0.0% of the shares of the stock are short sold.
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.
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