Price Action To Observe: Could Lloyds Banking Group PLC (ADR) Change Direction After Today’s Huge Increase?

Price Action To Observe: Could Lloyds Banking Group PLC (ADR) Change Direction After Today's Huge Increase?

The stock of Lloyds Banking Group PLC (ADR) (NYSE:LYG) is a huge mover today! About 4.57M shares traded hands. Lloyds Banking Group PLC (ADR) (NYSE:LYG) has declined 34.59% since March 15, 2016 and is downtrending. It has underperformed by 40.07% the S&P500.
The move comes after 8 months positive chart setup for the $47.43 billion company. It was reported on Oct, 18 by We have $4.29 PT which if reached, will make NYSE:LYG worth $27.98 billion more.

Analysts await Lloyds Banking Group PLC (ADR) (NYSE:LYG) to report earnings on October, 26.

Lloyds Banking Group PLC (ADR) (NYSE:LYG) Ratings Coverage

Out of 10 analysts covering Lloyds Banking (NYSE:LYG), 3 rate it a “Buy”, 4 “Sell”, while 3 “Hold”. This means 30% are positive. Lloyds Banking has been the topic of 11 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, September 10 by BNP Paribas. The rating was initiated by Davy Research with “Outperform” on Friday, November 13. The firm has “Underperform” rating given on Wednesday, January 13 by BNP Paribas. The rating was downgraded by JP Morgan on Monday, June 27 to “Neutral”. The rating was upgraded by Investec on Tuesday, August 25 to “Hold”. Bernstein downgraded the shares of LYG in a report on Monday, November 30 to “Underperform” rating. The company was upgraded on Tuesday, July 26 by Berenberg. The stock has “Sell” rating given by Goldman Sachs on Monday, September 26. On Monday, June 27 the stock rating was downgraded by Bank of America to “Underperform”. The stock has “Buy” rating given by Shore Capital on Friday, October 30.

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.”

More notable recent Lloyds Banking Group PLC (ADR) (NYSE:LYG) news were published by: which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also with their article: “Lloyds Banking Group PLC ADR” published on May 17, 2009, 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) were released by: and their article: “Why American Airlines Group Inc (AAL), Lloyds Banking Group PLC (LYG) and …” published on July 06, 2016 as well as‘s news article titled: “Why Freeport-McMoRan Inc (FCX), Harley-Davidson Inc (HOG) and Lloyds Banking …” with publication date: July 05, 2016.

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.

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