Lloyds Banking Group (NYSE: LYG) receives Morgan Stanley “overweight” rating
Lloyds Banking Group (NYSE: LYG)Morgan Stanley stock saw its “overweight” rating reaffirmed by Morgan Stanley analysts in a research report released Wednesday, The Fly reports.
A number of other analysts have also weighed on the stock recently. Credit Suisse Group reaffirmed an “outperformance” rating on Lloyds Banking Group shares in a report released Friday, July 30. UBS Group reaffirmed a “buy” note on Lloyds Banking Group shares in a report released on Monday, August 2. The Goldman Sachs group downgraded Lloyds Banking Group shares from a “neutral” rating to a “sell” rating in a Wednesday August 4 research note. Investec upgraded Lloyds Banking Group shares from a “hold” rating to a “buy” rating in a research note on Monday, June 21. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on Lloyds Banking Group stocks in a research note on Friday, July 30. Two equity research analysts rated the stock with a sell rating, four assigned a conservation rating, and ten gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $ 2.75.
LYG shares traded down $ 0.05 during trading hours on Wednesday, reaching $ 2.28. The stock had a trading volume of 234,073 shares, compared to its average volume of 5,268,932. The company has a leverage ratio of 1.83, a current ratio of 1.47, and a quick ratio of 1. , 13. Lloyds Banking Group has a twelve month low of $ 1.17 and a twelve month high of $ 2.83. The company has a 50-day simple moving average of $ 2.48 and a 200-day simple moving average of $ 2.47. The company has a market cap of $ 40.46 billion, a PE ratio of 19.00, a price / earnings-growth ratio of 0.18, and a beta of 1.53.
Several large investors have recently bought and sold shares of LYG. Comerica Bank strengthened its position in Lloyds Banking Group shares by 3.9% in the 1st quarter. Comerica Bank now owns 998,763 shares of the financial services provider valued at $ 2,347,000 after purchasing an additional 37,544 shares in the last quarter. JustInvest LLC increased its holdings of Lloyds Banking Group shares by 16.1% in the first quarter. JustInvest LLC now owns 79,620 shares of the financial services provider valued at $ 185,000 after purchasing an additional 11,053 shares during the period. Signaturefd LLC increased its stake in Lloyds Banking Group shares by 18.2% in the first quarter. Signaturefd LLC now owns 65,825 shares of the financial services provider valued at $ 153,000 after purchasing an additional 10,112 shares during the period. Commonwealth Equity Services LLC increased its holdings of Lloyds Banking Group shares by 5.2% in the first quarter. Commonwealth Equity Services LLC now owns 810,051 shares of the financial services provider valued at $ 1,879,000 after purchasing an additional 39,729 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings of Lloyds Banking Group shares by 7.9% in the first quarter. Envestnet Asset Management Inc. now owns 421,038 shares of the financial services provider valued at $ 977,000 after purchasing an additional 30,726 shares during the period. Institutional investors hold 1.53% of the company’s shares.
About Lloyds Banking Group
Lloyds Banking Group Plc is a financial services company providing a wide range of banking and financial services. It operates in the following segments: retail banking, commercial banking and insurance and wealth. The Retail segment offers a wide range of financial services products, including current accounts, savings accounts, mortgages, auto finance, and unsecured consumer loans to individuals and small businesses.
Featured Article: Why is Cost of Goods Sold Important?
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should You Invest $ 1,000 In Lloyds Banking Group Now?
Before you consider Lloyds Banking Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Lloyds Banking Group was not on the list.
While Lloyds Banking Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here