Lloyds Banking Group (NYSE:LYG) Hits New 1-Year High at $2.91

Shares of Lloyds Banking Group plc (NYSE:LYG) hit a new 52-week high during trading on Thursday . The stock traded as high as $2.91 and last traded at $2.90, with a volume of 10606423 shares. The stock had previously closed at $2.89.

Several brokerages have commented on LYG. Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a report on Tuesday, November 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, December 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Friday, September 17th. Exane BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Monday, November 1st. Finally, The Goldman Sachs Group upgraded shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a report on Tuesday, September 28th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $2.75.

The firm’s 50 day moving average is $2.57 and its two-hundred day moving average is $2.52.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, October 28th. The financial services provider reported $0.15 EPS for the quarter. The company had revenue of $5.77 billion for the quarter. Equities analysts anticipate that Lloyds Banking Group plc will post 0.45 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in LYG. Glenmede Trust Co. NA bought a new position in Lloyds Banking Group during the second quarter worth $25,000. Keybank National Association OH bought a new position in Lloyds Banking Group during the second quarter worth $26,000. Avantax Advisory Services Inc. bought a new position in Lloyds Banking Group during the third quarter worth $26,000. Vista Wealth Management Group LLC bought a new position in Lloyds Banking Group during the third quarter worth $26,000. Finally, Brighton Jones LLC bought a new position in Lloyds Banking Group during the third quarter worth $27,000. 1.41% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Company Profile (NYSE:LYG)

Lloyds Banking Group Plc is a financial services company, which engages in the provision of a wide range of banking and financial services. It operates through the following segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers broad range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal and small business customers.

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