Rating Summary: Credit Suisse: Time To Buy Lloyds Banking (NYSE:LYG). Valuation Insights

November 29, 2016 - By Clifton Ray

Rating Summary: Credit Suisse: Time To Buy Lloyds Banking (NYSE:LYG). Valuation Insights

How Credit Suisse Rates Lloyds Banking (NYSE:LYG)

Equity analysts at Credit Suisse began coverage on Lloyds Banking (NYSE:LYG) with “Neutral” rating. This was shared with investors and clients in analysts note 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 firm has “Neutral” rating by JP Morgan given on Monday, June 27. The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) has “Underperform” rating given on Wednesday, January 13 by BNP Paribas. JP Morgan upgraded Lloyds Banking Group PLC (ADR) (NYSE:LYG) on Friday, November 4 to “Overweight” rating. The rating was downgraded by Goldman Sachs to “Sell” on Monday, September 26. The firm earned “Hold” rating on Tuesday, July 26 by Berenberg. The stock has “Outperform” rating given by Davy Research on Friday, November 13. The rating was upgraded by Macquarie Research on Wednesday, February 24 to “Outperform”. The rating was upgraded by Investec to “Hold” on Tuesday, August 25. BNP Paribas downgraded Lloyds Banking Group PLC (ADR) (NYSE:LYG) on Thursday, September 10 to “Neutral” rating. Bernstein downgraded Lloyds Banking Group PLC (ADR) (NYSE:LYG) on Monday, November 30 to “Underperform” rating.

About 607,892 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 important 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 article titled: “DOW JONES, A NEWS CORP COMPANY”, Investorplace.com published: “Lloyds Banking Group PLC (ADR): LYG Stock Surges 5% on Cost Cuts” on July 12, 2016. More interesting news about Lloyds Banking Group PLC (ADR) (NYSE:LYG) was released by: Investorplace.com and their article: “Why American Airlines Group Inc (AAL), Lloyds Banking Group PLC (LYG) and …” with publication date: July 06, 2016.

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