Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given a consensus recommendation of “Hold” by the nineteen analysts that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.00.

LYG has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, May 24th. Deutsche Bank AG raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. ValuEngine downgraded shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Berenberg Bank downgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. Finally, BidaskClub cut shares of Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd.

Shares of Lloyds Banking Group PLC (LYG) remained flat at $3.56 during midday trading on Tuesday. The stock had a trading volume of 1,971,180 shares. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $3.87. The stock has a 50-day moving average of $3.64 and a 200 day moving average of $3.43. The company has a market capitalization of $70.47 billion, a P/E ratio of 22.82 and a beta of 0.77.

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A number of institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Lloyds Banking Group PLC by 8.9% in the first quarter. Wells Fargo & Company MN now owns 3,167,070 shares of the financial services provider’s stock worth $10,768,000 after buying an additional 259,440 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in Lloyds Banking Group PLC by 2.3% in the first quarter. Wetherby Asset Management Inc. now owns 93,935 shares of the financial services provider’s stock worth $319,000 after buying an additional 2,083 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in Lloyds Banking Group PLC by 42.5% in the first quarter. Mondrian Investment Partners LTD now owns 12,655,206 shares of the financial services provider’s stock worth $43,028,000 after buying an additional 3,774,868 shares during the last quarter. Profund Advisors LLC raised its stake in Lloyds Banking Group PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 455,388 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 153,714 shares during the last quarter. Finally, Hollencrest Securities LLC raised its stake in Lloyds Banking Group PLC by 1.0% in the first quarter. Hollencrest Securities LLC now owns 37,103 shares of the financial services provider’s stock worth $126,000 after buying an additional 355 shares during the last quarter. Institutional investors own 1.96% of the company’s stock.

About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

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