Lloyds Banking Group PLC (NYSE:LYG)‘s stock had its “sell” rating restated by equities research analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Wednesday.

A number of other brokerages have also weighed in on LYG. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 31st. ValuEngine lowered shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Sanford C. Bernstein reissued an “underperform” rating on shares of Lloyds Banking Group PLC in a report on Tuesday, May 9th. Deutsche Bank AG raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Friday, July 14th. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $3.75.

Shares of Lloyds Banking Group PLC (NYSE:LYG) traded up 2.13% during trading on Wednesday, reaching $3.36. The company had a trading volume of 2,988,818 shares. Lloyds Banking Group PLC has a 12-month low of $2.56 and a 12-month high of $3.87. The company has a market cap of $53.48 billion, a P/E ratio of 31.11 and a beta of 0.76. The firm has a 50-day moving average of $3.43 and a 200-day moving average of $3.50.

TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/10/lloyds-banking-group-plc-lyg-receives-sell-rating-from-goldman-sachs-group-inc-the.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Lloyds Banking Group PLC by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 215 shares during the period. Schafer Cullen Capital Management Inc. acquired a new stake in Lloyds Banking Group PLC during the 1st quarter worth $101,000. CAPROCK Group Inc. grew its holdings in Lloyds Banking Group PLC by 33.1% during the 2nd quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 7,632 shares during the period. Signaturefd LLC acquired a new stake in Lloyds Banking Group PLC during the 1st quarter worth $125,000. Finally, Advisor Partners LLC grew its holdings in Lloyds Banking Group PLC by 107.8% during the 2nd quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 20,020 shares during the period. 2.12% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.