Lloyds Banking Group PLC’s Overweight Rating Reaffirmed at Barclays (LYG)
Lloyds Banking Group PLC (NYSE:LYG) traded up 0.80% on Monday, hitting $5.03. 1,656,484 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a 1-year low of $4.44 and a 1-year high of $5.76. The stock has a 50-day moving average of $5.16 and a 200-day moving average of $5.26. The company’s market cap is $90.226 billion. Lloyds Banking Group PLC also saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 12,298,107 shares, a decline of 58.6% from the June 30th total of 29,672,171 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,281,433 shares, the days-to-cover ratio is presently 5.4 days.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. Finally, analysts at Santander reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock 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.
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