Lloyds Banking Group’s (LYG) Buy Rating Reiterated at UBS

Lloyds Banking Group (NYSE:LYG)‘s stock had its “buy” rating reissued by stock analysts at UBS in a report issued on Monday, www.boersen-zeitung.de reports.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Macquarie cut Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 29th. Credit Suisse Group raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 10th. Finally, Goldman Sachs Group reissued a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday, December 6th. Seven investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Lloyds Banking Group has an average rating of “Hold” and a consensus price target of $4.00.

Shares of Lloyds Banking Group (NYSE LYG) traded down $0.01 during midday trading on Monday, hitting $3.62. The stock had a trading volume of 2,824,174 shares, compared to its average volume of 5,589,417. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 1.38. The firm has a market capitalization of $65,310.39, a P/E ratio of 6.72 and a beta of 0.76. Lloyds Banking Group has a fifty-two week low of $3.06 and a fifty-two week high of $3.87.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in shares of Lloyds Banking Group by 9.0% in the second quarter. Bank of Montreal Can now owns 45,681 shares of the financial services provider’s stock valued at $161,000 after buying an additional 3,790 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Lloyds Banking Group by 40.9% in the second quarter. TD Asset Management Inc. now owns 1,874,351 shares of the financial services provider’s stock valued at $6,616,000 after buying an additional 543,685 shares in the last quarter. Advisor Partners LLC increased its holdings in shares of Lloyds Banking Group by 107.8% in the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock valued at $136,000 after buying an additional 20,020 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in shares of Lloyds Banking Group by 3.3% in the second quarter. Wetherby Asset Management Inc. now owns 97,066 shares of the financial services provider’s stock valued at $343,000 after buying an additional 3,131 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its holdings in shares of Lloyds Banking Group by 33.6% in the second quarter. Morningstar Investment Services LLC now owns 189,960 shares of the financial services provider’s stock valued at $671,000 after buying an additional 47,810 shares in the last quarter. 2.12% of the stock is currently owned by hedge funds and other institutional investors.

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Lloyds Banking Group Company Profile

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 (NYSE:LYG)

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