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

News coverage about Lloyds Banking Group (NYSE:LYG) has trended positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lloyds Banking Group earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.6089787182233 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

A number of analysts have recently weighed in on the stock. UBS reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research note on Wednesday, September 6th. Macquarie lowered shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 29th. Zacks Investment Research lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Finally, Credit Suisse Group raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Seven equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.00.

Lloyds Banking Group (NYSE:LYG) traded up $0.11 during midday trading on Friday, hitting $3.63. 4,120,000 shares of the company were exchanged, compared to its average volume of 3,550,000. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.38 and a quick ratio of 1.39. Lloyds Banking Group has a twelve month low of $3.06 and a twelve month high of $3.87. The company has a market cap of $64,770.00, a P/E ratio of 6.72 and a beta of 0.75.

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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.

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