Rating Action: Lloyds Banking Group Plc (NYSE:LYG) Hit With “Neutral” Rating At Credit Suisse, Firm Sees a Move on Horizon

November 29, 2016 - By Darrin Black

Rating Action: Lloyds Banking Group Plc (NYSE:LYG) Hit With

How Credit Suisse Rates Lloyds Banking Group Plc (NYSE:LYG)

Equities researchers at Credit Suisse has “Neutral” rating on Lloyds Banking Group Plc (NYSE:LYG). The firm has initiated coverage on LYGin a research note revealed to investors on Tuesday, 29 November.

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 has “Outperform” rating given by Davy Research on Friday, November 13. The firm has “Outperform” rating given on Wednesday, February 24 by Macquarie Research. The firm has “Underperform” rating by Bernstein given on Monday, November 30. The firm has “Buy” rating by Shore Capital given on Friday, October 30. The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) earned “Hold” rating by Investec on Tuesday, August 25. The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) earned “Underperform” rating by BNP Paribas on Wednesday, January 13. The stock has “Hold” rating given by Berenberg on Tuesday, July 26. The stock has “Neutral” rating given by JP Morgan on Monday, June 27. BNP Paribas downgraded Lloyds Banking Group PLC (ADR) (NYSE:LYG) on Thursday, September 10 to “Neutral” rating. The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) has “Sell” rating given on Monday, September 26 by Goldman Sachs.

About 3.24M shares traded hands. Lloyds Banking Group PLC (ADR) (NYSE:LYG) has declined 31.01% since April 26, 2016 and is downtrending. It has underperformed by 36.27% the S&P500.

Analysts await Lloyds Banking Group PLC (ADR) (NYSE:LYG) to report earnings on February, 23.

LLOYDS BANKING GROUP plc provides financial services to individual and business clients in the United Kingdom but also overseas. The company has a market cap of $50.47 billion. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It has a 60.63 P/E ratio. It operates through its divisions, including Retail, Commercial Banking, Consumer Finance and Insurance.

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.”

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.

More recent Lloyds Banking Group PLC (ADR) (NYSE:LYG) news were published by: Marketwatch.com which released: “Lloyds Banking Group PLC ADR” on May 17, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Investorplace.com‘s news article titled: “Lloyds Banking Group PLC (ADR): LYG Stock Surges 5% on Cost Cuts” with publication date: July 12, 2016 was also an interesting one.

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