Wall Street is neutral on Lloyds Banking Group PLC (LYG). On average, analysts give the stock a Buy rating. The average price target is $2.8, which means analysts expect the stock to add by 32.70% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 25, which is better than 25% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating LYG a Buy today. Find out what this means to you and get the rest of the rankings on LYG!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Lloyds Banking Group PLC Stock Today?
Lloyds Banking Group PLC (LYG) stock is trading at $2.11 as of 10:23 AM on Friday, Jun 24, an increase of $0.05, or 2.68% from the previous closing price of $2.06. The stock has traded between $2.08 and $2.12 so far today. Volume today is less active than usual. So far 2,740,990 shares have traded compared to average volume of 13,079,360 shares.
Click Here to get the full Stock Report for Lloyds Banking Group PLC stock.