Lloyds Banking Group PLC Given Neutral Rating at Credit Suisse (LYG)
Shares of Lloyds Banking Group PLC (NYSE:LYG) traded up 0.80% during mid-day trading on Monday, hitting $5.03. The stock had a trading volume of 1,656,484 shares. Lloyds Banking Group PLC has a one year low of $4.44 and a one year high of $5.76. The stock’s 50-day moving average is $5.16 and its 200-day moving average is $5.26. The company’s market cap is $90.226 billion. Lloyds Banking Group PLC also was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 12,298,107 shares, a drop of 58.6% from the June 30th total of 29,672,171 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,281,433 shares, the short-interest ratio is currently 5.4 days.
A number of other analysts have also recently weighed in on LYG. Analysts at Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group PLC in a research note on Monday. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average 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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