Lloyds Banking Group PLC (NYSE:LYG)‘s stock had its “sell” rating restated by stock analysts at Goldman Sachs Group Inc. in a note issued to investors on Thursday.

Several other equities research analysts have also recently weighed in on LYG. Beaufort Securities restated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Investec upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. Citigroup Inc. restated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 31st. Finally, Deutsche Bank AG cut Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.50.

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

Shares of Lloyds Banking Group PLC (NYSE:LYG) opened at 2.92 on Thursday. The stock has a market cap of $44.39 billion, a price-to-earnings ratio of 42.94 and a beta of 1.33. The firm has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.16. Lloyds Banking Group PLC has a 52-week low of $2.47 and a 52-week high of $4.58.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group raised its position in shares of Lloyds Banking Group PLC by 5.1% in the second quarter. Rehmann Capital Advisory Group now owns 35,894 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,747 shares in the last quarter. Assetmark Inc. raised its position in shares of Lloyds Banking Group PLC by 0.9% in the second quarter. Assetmark Inc. now owns 35,998 shares of the financial services provider’s stock worth $107,000 after buying an additional 336 shares in the last quarter. Hollencrest Securities LLC raised its position in shares of Lloyds Banking Group PLC by 28.5% in the third quarter. Hollencrest Securities LLC now owns 36,748 shares of the financial services provider’s stock worth $105,000 after buying an additional 8,156 shares in the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Lloyds Banking Group PLC during the third quarter worth $138,000. Finally, Eqis Capital Management Inc. raised its position in shares of Lloyds Banking Group PLC by 217.8% in the third quarter. Eqis Capital Management Inc. now owns 48,232 shares of the financial services provider’s stock worth $138,000 after buying an additional 33,056 shares in the last quarter. 1.68% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group PLC Company Profile

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.

5 Day Chart for NYSE:LYG

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