Lloyds Banking Group PLC's (LLOY) Sell Rating Reaffirmed at Citigroup Inc

Lloyds Banking Group PLC's (LLOY) Sell Rating Reaffirmed at Citigroup Inc”

Shore Capital restated a "buy" rating on shares of Lloyds Banking Group PLC in a research note on Thursday, July 27th.

JP Morgan has upped its price target for Lloyds Banking Group PLC (LON:LLOY) on the prospect of a dividend hike both this year and next. Zacks Investment Research raised Lloyds Banking Group PLC from a "sell" rating to a "buy" rating and set a $3.50 target price for the company in a report on Saturday, September 10th. The brokerage now has a "buy" rating on the financial services provider's stock. (The) reissued a "sell" rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th.

A former Lloyds Banking Group (LON:LLOY) executive has defended the bank's decision to buy HBOS at the height of the financial crisis, The Times has reported. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the company's stock.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Lloyds Banking Group Plc (NYSE:LYG) high price target of $2.98 and with a conservative view have low price target of $2.98. Eqis Capital Management Inc. raised its position in shares of Lloyds Banking Group PLC by 217.8% in the third quarter. The firm has a market cap of $49.94 billion, a price-to-earnings ratio of 48.309 and a beta of 1.27.

As well as the price target hike, the analyst kept his rating at "overweight" - a "buy" in old money. The company has a 50-day moving average of $3.07 and a 200 day moving average of $2.99. If you are reading this news story on another website, it was stolen and reposted in violation of US and global trademark and copyright law. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and global trademark & copyright law. The correct version of this story can be accessed at Also, insider Antonio Horta-Osorio purchased 4,837 shares of the stock in a transaction dated Wednesday, October 18th. The stock was acquired at an average price of GBX 66 ($0.87) per share, with a total value of £3,216.18 ($4,244.10). Over the last 90 days, insiders have acquired 111,908 shares of company stock valued at $7,385,829.

On the other hand the company has Relative Strength Index (RSI 14) of 55.63 along with Average True Range (ATR 14) of 0.05, Consequently Lloyds Banking Group Plc (NYSE:LYG)'s weekly and monthly volatility is 0.84%, 1.15% respectively. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment.

The bank said the fund will deliver quick access to finance by allowing companies to spread the cost of assets over their lifetime, enabling big investments that don't eat into working capital.

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