Lloyds Banking Group PLC (LYG) Short Interest Update
Lloyds Banking Group PLC (NYSE:LYG) was the target of a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 7,516,033 shares, a growth of 26.1% from the December 15th total of 5,962,589 shares. Based on an average daily trading volume, of 3,683,795 shares, the days-to-cover ratio is presently 2.0 days.
Shares of Lloyds Banking Group (NYSE:LYG) opened at $3.96 on Tuesday. The stock has a market cap of $69,650.00, a price-to-earnings ratio of 16.50 and a beta of 0.76. Lloyds Banking Group has a 12-month low of $3.15 and a 12-month high of $3.96.
Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 19.22% and a return on equity of 18.38%. equities research analysts forecast that Lloyds Banking Group will post 0.42 EPS for the current year.
A number of research firms recently issued reports on LYG. Goldman Sachs Group reiterated a “sell” rating on shares of Lloyds Banking Group in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Tuesday, September 26th. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal” rating in a research note on Wednesday, January 10th. Macquarie lowered shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 29th. Finally, UBS Group reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. Six investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.00.
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.
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