Somewhat Positive News Coverage Somewhat Unlikely to Impact Lloyds Banking Group (LYG) Share Price

Media headlines about Lloyds Banking Group (NYSE:LYG) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lloyds Banking Group earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.3155998144103 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities analysts have issued reports on LYG shares. Goldman Sachs Group restated a “sell” rating on shares of Lloyds Banking Group in a research note on Wednesday, December 6th. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 17th. UBS Group restated a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, December 11th. Finally, Macquarie downgraded shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 29th. Six research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.00.

Shares of Lloyds Banking Group (NYSE LYG) opened at $3.78 on Friday. Lloyds Banking Group has a 1-year low of $3.15 and a 1-year high of $4.21. The company has a market cap of $67,350.00, a PE ratio of 15.75 and a beta of 0.80.

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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