Stock On Watch: Lloyds Banking Group PLC (ADR) Just Recorded A Sigfniciant Decline

Stock On Watch: 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! The stock decreased 3.21% or $0.1 on November 16, hitting $3.02. About 4.56M shares traded hands. Lloyds Banking Group PLC (ADR) (NYSE:LYG) has declined 21.01% since April 14, 2016 and is downtrending. It has underperformed by 25.70% the S&P500.
The move comes after 9 months negative chart setup for the $54.04B company. It was reported on Nov, 16 by Barchart.com. We have $2.78 PT which if reached, will make NYSE:LYG worth $4.32 billion less.

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

Out of 10 analysts covering Lloyds Banking (NYSE:LYG), 4 rate it a “Buy”, 4 “Sell”, while 2 “Hold”. This means 40% are positive. Lloyds Banking has been the topic of 12 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) has “Neutral” rating given on Monday, June 27 by JP Morgan. The firm has “Outperform” rating by Macquarie Research given on Wednesday, February 24. The firm earned “Underperform” rating on Wednesday, January 13 by BNP Paribas. JP Morgan upgraded the stock to “Overweight” rating in Friday, November 4 report. The rating was upgraded by Shore Capital to “Buy” on Friday, October 30. The firm has “Hold” rating given on Tuesday, August 25 by Investec. The firm has “Underperform” rating by Bank of America given on Monday, June 27. The firm has “Sell” rating given on Monday, September 26 by Goldman Sachs. The firm has “Underperform” rating given on Monday, November 30 by Bernstein. The firm earned “Neutral” rating on Thursday, September 10 by BNP Paribas.

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: Marketwatch.com which released: “Lloyds Banking Group PLC ADR” on May 18, 2009, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, 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: Investorplace.com and their article: “Why American Airlines Group Inc (AAL), Lloyds Banking Group PLC (LYG) and …” published on July 06, 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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