Lloyds Banking Group PLC (ADR) (LYG) is Upgraded by Berenberg to Hold

Lloyds Banking Group PLC (ADR) (LYG) was Upgraded by Berenberg to ” Hold”. Earlier the firm had a rating of “Sell ” on the company shares. Berenberg advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on Lloyds Banking Group PLC (ADR). Lloyds Banking Group PLC (ADR) was Downgraded by BofA/Merrill to ” Underperform” on Jun 27, 2016. Lloyds Banking Group PLC (ADR) was Downgraded by JP Morgan to ” Neutral” on Jun 27, 2016.

Lloyds Banking Group PLC (ADR) opened for trading at $3.03 and hit $3.05 on the upside on Wednesday, eventually ending the session at $3.04, with a gain of 3.40% or 0.1 points. The heightened volatility saw the trading volume jump to 65,44,974 shares. Company has a market cap of $54,306 M.

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.

Lloyds Banking Group PLC (ADR)

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Lloyds Banking Group PLC (ADR) - Is it time to Sell?

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