Lloyds Banking Group PLC (NYSE:LYG) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Tuesday.

LYG has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. BidaskClub downgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. ValuEngine upgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, September 6th. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Shares of Lloyds Banking Group PLC (LYG) opened at 3.58 on Tuesday. The stock has a market cap of $56.98 billion, a PE ratio of 31.96 and a beta of 0.71. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $3.87. The stock has a 50 day moving average of $3.48 and a 200 day moving average of $3.52.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in Lloyds Banking Group PLC by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after buying an additional 215 shares during the period. CAPROCK Group Inc. grew its stake in Lloyds Banking Group PLC by 33.1% during the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after buying an additional 7,632 shares during the period. Signaturefd LLC purchased a new stake in Lloyds Banking Group PLC during the first quarter worth approximately $125,000. Advisor Partners LLC grew its stake in Lloyds Banking Group PLC by 107.8% during the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after buying an additional 20,020 shares during the period. Finally, American Asset Management Inc. purchased a new stake in Lloyds Banking Group PLC during the second quarter worth approximately $145,000. Institutional investors own 2.11% of the company’s stock.

About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

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