Worth Watching: Is Buying Stock Like Lloyds Banking Group PLC (ADR) After Such Increase Winning Strategy?

Worth Watching: Is Buying Stock Like Lloyds Banking Group PLC (ADR) After Such Increase Winning Strategy?

The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) is a huge mover today! About 2.37M shares traded hands. Lloyds Banking Group PLC (ADR) (NYSE:LYG) has declined 32.37% since March 1, 2016 and is downtrending. It has underperformed by 41.62% the S&P500.
The move comes after 6 months positive chart setup for the $50.05B company. It was reported on Oct, 4 by Barchart.com. We have $4.00 PT which if reached, will make NYSE:LYG worth $20.52B more.

Analysts await Lloyds Banking Group PLC (ADR) (NYSE:LYG) to report earnings on October, 26.

Lloyds Banking Group PLC (ADR) (NYSE:LYG) Ratings Coverage

Out of 10 analysts covering Lloyds Banking (NYSE:LYG), 3 rate it a “Buy”, 4 “Sell”, while 3 “Hold”. This means 30% are positive. Lloyds Banking has been the topic of 11 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Macquarie Research upgraded the shares of LYG in a report on Wednesday, February 24 to “Outperform” rating. The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) earned “Neutral” rating by BNP Paribas on Thursday, September 10. The firm earned “Underperform” rating on Monday, November 30 by Bernstein. Investec upgraded Lloyds Banking Group PLC (ADR) (NYSE:LYG) on Tuesday, August 25 to “Hold” rating. The rating was initiated by Davy Research with “Outperform” on Friday, November 13. As per Friday, October 30, the company rating was upgraded by Shore Capital. BNP Paribas downgraded the shares of LYG in a report on Wednesday, January 13 to “Underperform” rating. The firm earned “Neutral” rating on Monday, June 27 by JP Morgan. The stock has “Sell” rating given by Goldman Sachs on Monday, September 26. The company was upgraded on Tuesday, July 26 by Berenberg.

According to Zacks Investment Research, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers.”

More notable recent Lloyds Banking Group PLC (ADR) (NYSE:LYG) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com with their article: “Lloyds Banking Group PLC ADR” published on May 17, 2009, Investorplace.com published: “Lloyds Banking Group PLC (ADR): LYG Stock Surges 5% on Cost Cuts” on July 12, 2016. More interesting news about Lloyds Banking Group PLC (ADR) (NYSE:LYG) were released by: Businessfinancenews.com and their article: “Lloyds Banking Group PLC (ADR): Time to Rejoice?” published on June 30, 2016 as well as Investorplace.com‘s news article titled: “Why Freeport-McMoRan Inc (FCX), Harley-Davidson Inc (HOG) and Lloyds Banking …” with publication date: July 05, 2016.

LYG Company Profile

LLOYDS BANKING GROUP plc, incorporated on October 21, 1985, provides financial services to individual and business clients in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. The Firm offers services through various brands, including Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows, through a range of distribution channels in the United Kingdom and digital proposition. The Company’s divisions include Retail, Commercial Banking, Consumer Finance and Insurance.

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