Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company.

A number of research analysts recently weighed in on the company. Zacks Investment Research cut Lloyds Banking Group from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley upgraded Lloyds Banking Group from an “equal” rating to a “weight” rating in a report on Monday, February 11th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Thursday, January 24th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday, December 26th.

Large investors have recently added to or reduced their stakes in the business. Enlightenment Research LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $25,000. Western Wealth Management LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $27,000. Lavaca Capital LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $28,000. SNS Financial Group LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $33,000. Finally, Moloney Securities Asset Management LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $38,000. 1.89% of the stock is currently owned by institutional investors.

Shares of Lloyds Banking Group stock opened at $2.96 on Wednesday. Lloyds Banking Group has a twelve month low of $2.43 and a twelve month high of $4.01. The firm has a market capitalization of $53.33 billion, a P/E ratio of 5.38 and a beta of 1.00.

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

See Also: Why is Cost of Capital Important?

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.