Published On: Fri, Sep 23rd, 2016

Lloyds Banking Group PLC (LYG) – Research Analysts’ Weekly Ratings Updates

Lloyds Banking Group PLC (NYSE: LYG) has recently received a number of price target changes and ratings updates:

9/21/2016 – Lloyds Banking Group PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
9/16/2016 – Lloyds Banking Group PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
9/10/2016 – Lloyds Banking Group PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $3.50 price target on the stock. According to Zacks, “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. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
9/5/2016 – Lloyds Banking Group PLC was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating.
9/1/2016 – Lloyds Banking Group PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
8/31/2016 – Lloyds Banking Group PLC had its “sell” rating reaffirmed by analysts at Citigroup Inc..
8/25/2016 – Lloyds Banking Group PLC was upgraded by analysts at Investec from a “hold” rating to a “buy” rating.
8/23/2016 – Lloyds Banking Group PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
8/3/2016 – Lloyds Banking Group PLC had its “buy” rating reaffirmed by analysts at Beaufort Securities.
7/26/2016 – Lloyds Banking Group PLC was upgraded by analysts at Berenberg Bank from a “sell” rating to a “hold” rating.

Shares of Lloyds Banking Group PLC (NYSE:LYG) opened at 3.03 on Friday. The firm has a market cap of $43.95 billion, a price-to-earnings ratio of 28.06 and a beta of 1.02. The company has a 50 day moving average of $3.04 and a 200 day moving average of $3.54. Lloyds Banking Group PLC has a 1-year low of $2.47 and a 1-year high of $4.85.
The firm also recently disclosed a dividend, which will be paid on Tuesday, October 11th. Investors of record on Friday, August 12th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. Lloyds Banking Group PLC’s dividend payout ratio is currently 92.86%.
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

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