Analyst Rating Update on Lloyds Banking Group Plc (LYG)

Lloyds Banking Group Plc (LYG) : 2 brokerage houses believe that Lloyds Banking Group Plc (LYG) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Lloyds Banking Group Plc (LYG). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.

The shares have received a consensus rating of Sell for the current week Also, Berenberg upgrades its view on Lloyds Banking Group Plc (NYSE:LYG) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. The rating by the firm was issued on July 26, 2016.


Lloyds Banking Group Plc (NYSE:LYG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.87 and $2.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.88, notching a gain of 0.70% for the day. The total traded volume was 5,066,076 . The stock had closed at $2.86 on the previous day.

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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