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Lloyds Banking Group PLC (ADR) (NYSE:LYG) has been downgraded to Neutral in a statement by Macquarie earlier today.

Just yesterday Lloyds Banking Group PLC (ADR) (NYSE:LYG) traded -0.30% lower at $3.32. Lloyds Banking Group PLC (ADR)’s 50-day moving average is $3.36 and its 200-day moving average is $3.16. With the last stock price close up 5.20% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same time. 2,614,623 shares of the stock were exchanged, down from an average trading volume of 7,095,950

Macquarie has downgraded Lloyds Banking Group PLC (ADR) (NYSE:LYG) to Neutral in a report released on 4/21/2017.

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

Lloyds Banking Group PLC (ADR) has a 52 week low of $2.47 and a 52 week high of $4.42 with a P/E ratio of 27.67 The company’s market cap is currently $0.

In addition to Macquarie reporting its target price, a total of 1 firm has issued a ratings update on Lloyds Banking Group PLC (ADR). The 12-month price target is $4.94 with one brokerage rating the company a strong buy, zero equity analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell.

About Lloyds Banking Group PLC (ADR) (NYSE:LYG)

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. The Retail segment offers a range of financial service products, including current accounts, savings and mortgages. The Commercial Banking segment offers a range of products and services, such as lending, transactional banking, working capital management, risk management and debt capital markets services. The Consumer Finance segment offers consumer lending products, including motor finance, credit cards, and unsecured personal loans. The Insurance segment provides a range of protection, pension and investment products. Its brands include Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows, Colleys, Lex Autolease and AMC.

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