Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Lloyds Banking Group (LYG) Stock Price

News headlines about Lloyds Banking Group (NYSE:LYG) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lloyds Banking Group earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.5639139290463 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Several research analysts recently issued reports on LYG shares. Zacks Investment Research lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 17th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research note on Tuesday, January 9th. Davy Research lowered shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Friday, February 9th. Six analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of $4.00.

Lloyds Banking Group (NYSE LYG) traded up $0.01 during trading on Friday, hitting $3.89. 4,580,000 shares of the company’s stock were exchanged, compared to its average volume of 5,310,000. Lloyds Banking Group has a 12-month low of $3.15 and a 12-month high of $4.21. The company has a market capitalization of $68,530.00, a price-to-earnings ratio of 16.21 and a beta of 0.80.

TRADEMARK VIOLATION NOTICE: This piece was reported by Week Herald and is the property of of Week Herald. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2018/02/17/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-lloyds-banking-group-lyg-stock-price.html.

About Lloyds Banking Group

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Insider Buying and Selling by Quarter for Lloyds Banking Group (NYSE:LYG)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply