Lloyds Banking Group PLC Receives Neutral Rating from Goldman Sachs (LYG)
Lloyds Banking Group PLC (NYSE:LYG) traded down 0.39% during mid-day trading on Friday, hitting $5.06. The stock had a trading volume of 2,229,443 shares. Lloyds Banking Group PLC has a 52-week low of $4.03 and a 52-week high of $5.76. The stock’s 50-day moving average is $5.25 and its 200-day moving average is $5.2. The company’s market cap is $90.764 billion. Lloyds Banking Group PLC also was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 29,672,171 shares, a growth of 125.9% from the June 13th total of 13,134,064 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,308,429 shares, the days-to-cover ratio is currently 6.9 days.
LYG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday. Separately, analysts at Investec reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday, July 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently 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.
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