Lloyds Banking Group PLC (NYSE:LYG) saw a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 7,516,033 shares, an increase of 26.1% from the December 15th total of 5,962,589 shares. Based on an average daily volume of 3,683,795 shares, the short-interest ratio is presently 2.0 days.
Lloyds Banking Group (NYSE LYG) opened at $4.03 on Friday. The company has a market capitalization of $70,790.00, a P/E ratio of 16.79 and a beta of 0.76. Lloyds Banking Group has a 12 month low of $3.15 and a 12 month high of $4.05.
Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.14 EPS for the quarter. Lloyds Banking Group had a return on equity of 18.38% and a net margin of 19.22%. equities research analysts predict that Lloyds Banking Group will post 0.42 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. BNP Paribas upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Wednesday. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal” rating in a report on Wednesday, January 10th. Goldman Sachs Group restated a “sell” rating on shares of Lloyds Banking Group in a report on Tuesday, January 9th. Zacks Investment Research upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, UBS Group restated a “buy” rating on shares of Lloyds Banking Group in a report on Monday, December 11th. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Lloyds Banking Group has a consensus rating of “Hold” and an average target price of $4.00.
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About Lloyds Banking Group
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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