Lloyds Banking Group Plc (LYG) Receives ‘Analyst’ Rating

Lloyds Banking Group Plc (LYG) : Zacks Investment Research ranks Lloyds Banking Group Plc (LYG) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2.25, which indicates as a Buy.


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 (NYSE:LYG): After opening at $3.03, the stock dipped to an intraday low of $3.01 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.06 and the buying power remained strong till the end. The stock closed at $3.05 for the day, a gain of 0.33% for the day session. The total traded volume was 3,777,081. The stocks close on the previous trading day was $3.04.

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.

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