Lloyds Banking Group (LYG) Earning Positive Press Coverage, Analysis Finds

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News coverage about Lloyds Banking Group (NYSE:LYG) has been trending positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Lloyds Banking Group earned a media sentiment score of 2.10 on their scale. InfoTrie also assigned press coverage about the financial services provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Lloyds Banking Group’s score:

LYG has been the subject of a number of analyst reports. Berenberg Bank raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Macquarie raised Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a report on Thursday, October 25th. Jefferies Financial Group reissued a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, August 14th. Finally, Citigroup raised Lloyds Banking Group from a “sell” rating to a “neutral” rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Lloyds Banking Group has a consensus rating of “Hold” and an average target price of $4.25.

NYSE:LYG remained flat at $$3.07 during trading hours on Friday. The company’s stock had a trading volume of 7,543,869 shares, compared to its average volume of 7,296,738. Lloyds Banking Group has a 52 week low of $2.81 and a 52 week high of $4.21. The company has a market cap of $54.95 billion, a P/E ratio of 5.58 and a beta of 0.79.

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About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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