Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Lloyds Banking Group PLC (LYG) Share Price
Media coverage about Lloyds Banking Group PLC (NYSE:LYG) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lloyds Banking Group PLC earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.7361028395367 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- ETFs with exposure to Lloyds Banking Group Plc : November 1, 2017 (finance.yahoo.com)
- U.K. Banks Bet a Small BOE Rate Increase Is Good for Business (bloomberg.com)
- Lloyds Banking Group Plc :LYG-US: Earnings Analysis: Q3, 2017 By the Numbers : October 31, 2017 (finance.yahoo.com)
- Short Interest in Lloyds Banking Group PLC (LYG) Expands By 167.1% (americanbankingnews.com)
- Lloyds Banking Group Plc (LYG): Stock to Track – AppsforPCdaily (appsforpcdaily.com)
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Credit Suisse Group raised shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Finally, BidaskClub cut shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Six research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $4.00.
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Lloyds Banking Group PLC Company Profile
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.
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