UBS Group Cuts Lloyds Banking Group (NYSE:LYG) Worth Goal to GBX 58

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Lloyds Banking Group (NYSE:LYG – Get Ranking) had its goal value decreased by analysts at UBS Group from GBX 62 ($0.81) to GBX 58 ($0.76) in a report launched on Friday, The Fly stories.

Quite a lot of different analysis companies have additionally just lately issued stories on LYG. JPMorgan Chase & Co. reissued an “obese” score on shares of Lloyds Banking Group in a analysis be aware on Monday, December sixth. Zacks Funding Analysis raised Lloyds Banking Group from a “maintain” score to a “purchase” score and set a $2.75 goal value for the corporate in a analysis be aware on Wednesday, March 2nd. Lastly, Financial institution of America raised shares of Lloyds Banking Group from an “underperform” score to a “impartial” score in a analysis be aware on Monday. 5 funding analysts have rated the inventory with a maintain score and 13 have assigned a purchase score to the inventory. In response to information from MarketBeat, Lloyds Banking Group has a consensus score of “Purchase” and a median goal value of $30.38.

Shares of NYSE:LYG traded up $0.01 throughout mid-day buying and selling on Friday, reaching $2.33. The inventory had a buying and selling quantity of 887,325 shares, in comparison with its common quantity of 13,903,818. The agency has a 50 day easy transferring common of $2.71 and a two-hundred day easy transferring common of $2.57. Lloyds Banking Group has a twelve month low of $2.09 and a twelve month excessive of $3.00. The corporate has a present ratio of 1.46, a fast ratio of 1.46 and a debt-to-equity ratio of 1.59. The agency has a market cap of $41.37 billion, a PE ratio of 5.68, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39.

Hedge funds and different institutional buyers have just lately added to or decreased their stakes within the firm. Avantax Advisory Providers Inc. acquired a brand new stake in shares of Lloyds Banking Group within the third quarter valued at roughly $26,000. Vista Wealth Administration Group LLC acquired a brand new stake in Lloyds Banking Group in the course of the third quarter valued at $26,000. Summit Path Advisors LLC acquired a brand new stake in Lloyds Banking Group in the course of the 4th quarter valued at $26,000. Brighton Jones LLC acquired a brand new stake in Lloyds Banking Group in the course of the third quarter valued at $27,000. Lastly, Kestra Personal Wealth Providers LLC acquired a brand new stake in Lloyds Banking Group in the course of the 4th quarter valued at $27,000. 1.41% of the inventory is owned by institutional buyers.

About Lloyds Banking Group (Get Ranking)

Lloyds Banking Group Plc is a monetary providers firm, which engages within the provision of a variety of banking and monetary providers. It operates by the next segments: Retail, Business Banking, and Insurance coverage and Wealth. The Retail phase affords broad vary of monetary service merchandise, together with present accounts, financial savings, mortgages, motor finance and unsecured client lending to non-public and small enterprise clients.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]

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