Lloyds Banking Group (LYG) Upgraded to Weight by Morgan Stanley

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Morgan Stanley upgraded shares of Lloyds Banking Group (NYSE:LYG) from an equal rating to a weight rating in a research note published on Monday morning, Marketbeat.com reports.

LYG has been the topic of a number of other research reports. Goldman Sachs Group reiterated a sell rating on shares of Lloyds Banking Group in a research note on Tuesday, January 1st. Zacks Investment Research lowered shares of Lloyds Banking Group from a hold rating to a sell rating in a research note on Saturday, January 5th. Citigroup upgraded shares of Lloyds Banking Group from a neutral rating to a buy rating in a research note on Friday, January 4th. JPMorgan Chase & Co. reiterated a buy rating on shares of Lloyds Banking Group in a research note on Tuesday, January 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group from an underperform rating to an outperform rating in a research note on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $4.25.

NYSE LYG opened at $2.91 on Monday. Lloyds Banking Group has a 12 month low of $2.43 and a 12 month high of $4.01. The company has a market cap of $52.97 billion, a P/E ratio of 5.29 and a beta of 1.00.

Large investors have recently modified their holdings of the stock. Enlightenment Research LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth approximately $25,000. Lavaca Capital LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth approximately $28,000. SNS Financial Group LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth approximately $33,000. Moloney Securities Asset Management LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth approximately $38,000. Finally, Ballentine Partners LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 1.89% of the company’s stock.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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