Live Stock Coverage: Lloyds Banking Group PLC (ADR) Just Recorded A Sigfniciant Decline

Live Stock Coverage: Lloyds Banking Group PLC (ADR) Just Recorded A Sigfniciant Decline

The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) is a huge mover today! About 5.97M shares traded hands or 22.09% up from the average. Lloyds Banking Group PLC (ADR) (NYSE:LYG) has declined 33.49% since March 4, 2016 and is downtrending. It has underperformed by 41.53% the S&P500.
The move comes after 6 months negative chart setup for the $46.95B company. It was reported on Oct, 7 by We have $2.47 PT which if reached, will make NYSE:LYG worth $3.29 billion less.

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. On Wednesday, February 24 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm earned “Neutral” rating on Thursday, September 10 by BNP Paribas. Goldman Sachs downgraded the stock to “Sell” rating in Monday, September 26 report. BNP Paribas downgraded the stock to “Underperform” rating in Wednesday, January 13 report. The rating was initiated by Davy Research with “Outperform” on Friday, November 13. The company was upgraded on Tuesday, July 26 by Berenberg. The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) earned “Underperform” rating by Bank of America on Monday, June 27. The firm earned “Hold” rating on Tuesday, August 25 by Investec. The firm has “Buy” rating given on Friday, October 30 by Shore Capital. The firm earned “Neutral” rating on Monday, June 27 by JP Morgan.

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: which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also with their article: “Lloyds Banking Group PLC ADR” published on May 18, 2009, 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: and their article: “Why Freeport-McMoRan Inc (FCX), Harley-Davidson Inc (HOG) and Lloyds Banking …” published on July 05, 2016 as well as‘s news article titled: “Analyst Downgrades: Twitter Inc, Lloyds Banking Group PLC, and NetApp Inc.” with publication date: September 26, 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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