Zacks Investment Research Upgrades Lloyds Banking Group (NYSE:LYG) to "Hold"
January 16, 2022 ETF Daily News Team
Lloyds Banking Group logoLloyds Banking Group (NYSE:LYG) was updated by Zacks Investment Research from a "offer" rating to a "hold" rating in an examination report gave on Friday, Zacks.com reports.
As indicated by Zacks, "Lloyds Banking Group plc, previously Lloyds TSB Group plc, is a United Kingdom-based monetary administrations organization, whose organizations give a scope of banking and monetary administrations in the United Kingdom and a predetermined number of areas abroad. Settled in London, the organization works through three fragments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking fragment gives banking and monetary administrations, home loans, and private financial administrations. The Insurance and Investments fragment offers life confirmation, annuities and investment funds items, general protection, and asset the board administrations. The Wholesale and International Banking fragment gives banking and related administrations to organizations, little and medium-sized organizations, banks, and monetary establishments; and resource money to individual and corporate clients. "
Various other exploration firms have additionally said something regarding LYG. The Goldman Sachs Group updated Lloyds Banking Group from a "offer" rating to a "unbiased" rating in a report on Tuesday, September 28th. AlphaValue redesigned Lloyds Banking Group to a "purchase" rating in a report on Wednesday, November tenth. Exane BNP Paribas redesigned Lloyds Banking Group from a "impartial" rating to an "outflank" rating in a report on Monday, November first. Morgan Stanley rehashed an "overweight" rating on portions of Lloyds Banking Group in a report on Tuesday, November second. At last, UBS Group repeated a "purchase" rating on portions of Lloyds Banking Group in a report on Monday, November first. Five investigators have appraised the stock with a hold rating and twelve have given a purchase rating to the organization. As per MarketBeat.com, the stock right now has a normal rating of "Purchase" and an agreement target cost of $2.75.
LYG opened at $3.00 on Friday. The stock's multi day moving normal cost is $2.57 and its 200-day moving normal cost is $2.52. Lloyds Banking Group has a one year low of $1.74 and a one year high of $3.00.
Lloyds Banking Group (NYSE:LYG) last delivered its income results on Thursday, October 28th. The monetary administrations supplier revealed $0.15 EPS for the quarter. The business had income of $5.77 billion for the quarter. Collectively, values research investigators foresee that Lloyds Banking Group will post 0.45 profit per share for the ebb and flow year.
A few enormous financial backers have as of late traded portions of LYG. Macquarie Group Ltd. lifted its stake in Lloyds Banking Group by 0.3% in the second quarter. Macquarie Group Ltd. presently claims 32,891,678 portions of the monetary administrations supplier's stock worth $83,874,000 subsequent to buying 111,433 extra offers in the last quarter. Goldman Sachs Group Inc. lifted its stake in Lloyds Banking Group by 6.9% in the third quarter. Goldman Sachs Group Inc. presently possesses 14,857,627 portions of the monetary administrations supplier's stock worth $36,401,000 subsequent to buying 954,258 extra offers in the last quarter. Morgan Stanley lifted its stake in Lloyds Banking Group by 493.6% in the second quarter. Morgan Stanley presently possesses 13,779,953 portions of the monetary administrations supplier's stock worth $35,139,000 subsequent to buying 11,458,529 extra offers in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Lloyds Banking Group by 6.1% in the second quarter. CIBC Private Wealth Group LLC presently possesses 13,088,796 portions of the monetary administrations supplier's stock worth $33,377,000 in the wake of buying 756,829 extra offers in the last quarter. At long last, Jane Street Group LLC lifted its stake in Lloyds Banking Group by 19.8% in the third quarter. Jane Street Group LLC presently claims 10,253,479 portions of the monetary administrations supplier's stock worth $25,121,000 in the wake of buying 1,692,207 extra offers in the last quarter. Mutual funds and other institutional financial backers own 1.41% of the organization's stock.
Lloyds Banking Group Company Profile
Lloyds Banking Group Plc is a monetary administrations organization, which participates in the arrangement of a wide scope of banking and monetary administrations. It works through the accompanying fragments: Retail, Commercial Banking, and Insurance and Wealth. The Retail fragment offers expansive scope of monetary help items, including current records, reserve funds, contracts, engine finance and unstable purchaser loaning to individual and independent venture clients.
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