Lloyds Banking Group PLC (LYG) Upgrade to Overweight at the Barclays PLC
- Author: Zachary Reyes Mar 01, 2017,
Mar 01, 2017, 10:28
Finally, Deutsche Bank AG reaffirmed a hold rating and set a GBX 58 ($0.72) price target on shares of Lloyds Banking Group PLC in a report on Thursday, November 24th. Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Lloyds Banking Group PLC (ADR) was Upgraded by HSBC Securities to Buy on Feb 6, 2017. The correct version of this report can be accessed at https://baseballnewssource.com/markets/lloyds-banking-group-plc-lloy-price-target-raised-to-gbx-80/470439.html. J P Morgan Chase & Co restated a "neutral" rating and set a GBX 330 ($4.11) target price on shares of BT Group PLC in a research note on Thursday, February 9th.
Today there are 70,604,648,000 shares in issue of Lloyds Banking Group PLC ORD which are now trading at 69.2 which brings the business's market capitalisation to 48.86B GBP. Barclays PLC now has a GBX 475 ($5.92) price target on the communications services company's stock. Five analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 3.73% where SMA50 and SMA200 are 6.84% and 10.18% respectively.
Lloyds Banking Group plc closed its last trading session at $3.54 with the loss of -1.13%. The company's market cap is GBX 48.86 billion.
This article was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. Lloyds Banking Group PLC has a 52 week low of $2.47 and a 52 week high of $4.42.
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Along with these its year to date performance is standing at 13.87%. This represents a dividend yield of 3.17%.
16/02/2017 - Lloyds Banking Group had its "Neutral" rating reiterated by analysts at Credit Suisse. The shares were purchased at an average cost of GBX 63 ($0.78) per share, with a total value of £119,070 ($148,336.86). Two Sigma Investments LP now owns 146,292 shares of the company's stock valued at $3,369,000 after buying an additional 35,230 shares in the last quarter. The Company's business activities include retail and commercial banking, long-term savings, protection and investment.
Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services.