Santander Reiterates Buy Rating for Lloyds Banking Group PLC (LYG)
A number of other firms have also recently commented on LYG. Analysts at Investec reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Monday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Monday, July 21st. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Monday, July 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy”.
Lloyds Banking Group PLC (NYSE:LYG) traded up 0.77% on Wednesday, hitting $5.24. The stock had a trading volume of 2,470,782 shares. Lloyds Banking Group PLC has a one year low of $4.13 and a one year high of $5.76. The stock’s 50-day moving average is $5.1 and its 200-day moving average is $5.27. The company’s market cap is $93.992 billion. Lloyds Banking Group PLC also was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totalling 12,298,107 shares, a decrease of 58.6% from the June 30th total of 29,672,171 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,281,433 shares, the short-interest ratio is currently 5.4 days.
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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