Lloyds Banking Group Plc (LYG) : Traders are bullish on Lloyds Banking Group Plc (LYG) as it has outperformed the S&P 500 by a wide margin of 0.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.68% in the last 1 week, and is up 1.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Lloyds Banking Group plc has dropped 27.11% during the last 3-month period . Year-to-Date the stock performance stands at -29.25%. The stock has recorded a 20-day Moving Average of 3.19% and the 50-Day Moving Average is 4.56%.
Lloyds Banking Group Plc (NYSE:LYG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.90 and $2.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.95, notching a gain of 1.72% for the day. The total traded volume was 6,389,151 . The stock had closed at $2.90 on the previous day.
Also, Brokerage firm Berenberg upgrades its rating on Lloyds Banking Group Plc (NYSE:LYG). The shares have been rated Hold. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on July 26, 2016.
Lloyds Banking Group plc is engaged in providing financial services to individual and business customers in the United Kingdom and in certain locations overseas. The Company offers retail and commercial banking, and long-term savings, protection and investment. It operates through five segments: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc (TSB). Retail segment provides banking, mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking segment provides banking and related services to business clients. Consumer Finance segment provides asset finance and credit card products. Insurance segment provides long-term savings, protection and investment products, as well as general insurance products in the United Kingdom. TSB is engaged in retail banking business. Its services are offered through various brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.