Lloyds Banking Group (LYG) Earning Somewhat Favorable Press Coverage, Study Finds

News headlines about Lloyds Banking Group (NYSE:LYG) have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Lloyds Banking Group earned a coverage optimism score of 1.35 on their scale. InfoTrie also gave headlines about the financial services provider an news buzz score of 1 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Lloyds Banking Group’s score:

LYG has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, August 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, September 4th. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Berenberg Bank raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Citigroup raised shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.25.

NYSE LYG traded down $0.05 on Wednesday, reaching $3.02. The company’s stock had a trading volume of 33,648,175 shares, compared to its average volume of 5,908,854. The stock has a market cap of $53.15 billion, a P/E ratio of 5.49 and a beta of 0.79. Lloyds Banking Group has a 52 week low of $2.81 and a 52 week high of $4.21.

TRADEMARK VIOLATION NOTICE: This article was posted by WKRB News and is the property of of WKRB News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/15/lloyds-banking-group-lyg-earning-somewhat-favorable-press-coverage-study-finds.html.

Lloyds Banking Group Company Profile

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.

See Also: What are the economic characteristics of a bear market?

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