The stock price of Lloyds Banking Group went down 1.1% over the last 200 days, and is in very unstanble down trend.
Advertisement
Out of 21 analysts covering Lloyds Banking Group, 14 rate it a Buy, 8 indicate a Hold while 2 suggest a Sell.
No price was disclosed for the share sale, which was conducted on Thursday.
“This morning it was announced by the treasury that the government had sold a further 1% of Lloyds Banking Group shares”.
On a technical level the stock has a 50 Day Moving Average of 4.8157. Finally, Barclays raised their target price on Lloyds Banking Group PLC from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. The firm’s market cap is $54.82 billion. The company presently has an average rating of “Hold” and an average price target of $13.60. Lloyds Banking Group has a 52 week low of GBX 70.96 and a 52 week high of GBX 89.35. Societe Generale upgraded Royal Bank of Scotland Group PLC from a “sell” rating to a “hold” rating in a report on Wednesday, September 2nd. Deutsche Bank reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Friday, August 7th.
Advertisement
A United Kingdom banking first, the two-year scheme will be broken down into three eight-month assignments within Lloyds’ Group Digital division, which has offices in London, Edinburgh, Halifax, and Bristol, reflecting the geographic reach of the bank’s customers and services. It operates through five segments: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc (NYSE:LYG). Retail segment provides banking, mortgages and other financial services to private customers in the United Kingdom. The Business offers retail and commercial banking, and long term savings, protection and investment. Insurance section provides long-term savings, investment and protection products, in addition to general insurance goods in the UK. At its peak, the government owned more than 40pc of the bank.
