Lloyds Banking Group (NYSE: LYG – Get a rating) saw its price target reduced by stock analysts to JPMorgan Chase & Co. from GBX 63 ($0.83) to GBX 56 ($0.73) in a report released on Monday, Fly reports.

Several other research analysts have also recently weighed in on LYG. Zacks Investment Research upgraded Lloyds Banking Group shares from a “hold” rating to a “buy” rating and set a price target of $2.75 for the company in a Wednesday, March 2 research report. UBS Group lowered its price target on Lloyds Banking Group shares from GBX 62 ($0.81) to GBX 58 ($0.76) in a research report on Friday. Finally, Bank of America upgraded Lloyds Banking Group shares from an “underperforming” rating to a “neutral” rating in a Monday, March 7 report. Five equity research analysts gave the stock a hold rating and thirteen gave the stock a buy rating. According to MarketBeat.com, Lloyds Banking Group currently has a consensus buy rating and an average price target of $38.92.

Shares of NYSE:LYG traded at $0.10 during Monday’s trading, hitting $2.41. The stock recorded a trading volume of 912,212 shares, compared to an average volume of 13,889,787 shares. The company has a debt ratio of 1.59, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50-day moving average price is $2.70 and its 200-day moving average price is $2.57. Lloyds Banking Group has a 52 week low of $2.09 and a 52 week high of $3.00. The stock has a market capitalization of $42.79 billion, a PE ratio of 5.88, a P/E/G ratio of 0.22 and a beta of 1.39.

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Several hedge funds have recently changed their positions in the company. Geode Capital Management LLC strengthened its position in Lloyds Banking Group by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 340,996 shares of the financial services provider valued at $869,000 after acquiring 16,083 additional shares last quarter. LPL Financial LLC increased its position in Lloyds Banking Group by 20.3% in the 2nd quarter. LPL Financial LLC now owns 178,496 shares of the financial services provider valued at $455,000 after acquiring 30,153 additional shares last quarter. Nuveen Asset Management LLC acquired a new stake in Lloyds Banking Group during Q2 for a value of approximately $34,000. State Street Corp increased its position in Lloyds Banking Group by 20.3% during the second quarter. State Street Corp now owns 25,804 shares of the financial services provider worth $66,000 after buying an additional 4,350 shares last quarter. Finally, the Royal Bank of Canada increased its position in Lloyds Banking Group by 50.1% during the second quarter. Royal Bank of Canada now owns 1,031,354 shares of the financial services provider worth $2,631,000 after buying 344,138 more shares last quarter. 1.41% of the shares are held by institutional investors.

Lloyds Banking Group Company Profile (Get a rating)

Lloyds Banking Group Plc is a financial services company that provides 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 a wide range of financial services products, including checking accounts, savings accounts, mortgages, car loans and unsecured consumer loans to individuals and small businesses.

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