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.

A number of analysts have recently issued reports on LYG shares. Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group in a report on Tuesday, November 2nd. Barclays reiterated an “overweight” rating on shares of Lloyds Banking Group in a report on Friday, October 15th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, December 6th. AlphaValue raised shares of Lloyds Banking Group to a “buy” rating in a research note on Wednesday, November 10th. Finally, BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Monday, November 1st. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $2.75.

The stock’s 50-day simple moving average is $2.57 and its 200 day simple 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. As a group, equities analysts predict 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 stake in shares of Lloyds Banking Group in the second quarter valued at about $26,000. Avantax Advisory Services Inc. bought a new stake in shares of Lloyds Banking Group in the third quarter valued at about $26,000. Vista Wealth Management Group LLC bought a new stake in shares of Lloyds Banking Group in the third quarter valued at about $26,000. Finally, Brighton Jones LLC bought a new stake in shares of Lloyds Banking Group in the third quarter valued at about $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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