Brokerages Set Lloyds Banking Group plc (NYSE:LYG) PT at $2.75

Lloyds Banking Group plc (NYSE:LYG - Get Free Report) has received an average rating of "Hold" from the ten research firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.75.

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a "neutral" rating on the stock. UBS Group restated a "neutral" rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Kepler Capital Markets began coverage on Lloyds Banking Group in a report on Thursday, September 5th. They set a "hold" rating for the company. Royal Bank of Canada lowered Lloyds Banking Group from an "outperform" rating to a "sector perform" rating in a report on Friday, July 26th. Finally, Morgan Stanley lowered Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a report on Wednesday, October 30th.

Institutional Investors Weigh In On Lloyds Banking Group

A number of institutional investors have recently modified their holdings of LYG. Lazari Capital Management Inc. lifted its holdings in Lloyds Banking Group by 19.8% in the third quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 3,371 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Lloyds Banking Group by 6.1% in the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider's stock worth $204,000 after buying an additional 3,734 shares during the period. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Lloyds Banking Group by 2.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider's stock worth $370,000 after buying an additional 3,752 shares during the period. Baron Wealth Management LLC raised its stake in shares of Lloyds Banking Group by 30.8% in the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider's stock worth $53,000 after buying an additional 3,969 shares during the period. Finally, AMG National Trust Bank raised its stake in shares of Lloyds Banking Group by 0.4% in the second quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider's stock worth $2,733,000 after buying an additional 3,976 shares during the period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Up 2.6 %

NYSE:LYG traded up $0.07 during trading hours on Monday, hitting $2.80. 4,351,830 shares of the company traded hands, compared to its average volume of 9,646,506. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The firm's 50-day simple moving average is $3.03 and its 200-day simple moving average is $2.91. Lloyds Banking Group has a one year low of $2.00 and a one year high of $3.24. The company has a market cap of $43.04 billion, a PE ratio of 7.00 and a beta of 1.35.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.