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gamesindustryblog.com May 24, 2017


United Kingdom government cuts stake in Lloyds to 1.97%

06 April 2017, 02:42 | Elizabeth Houston

United Kingdom government cuts stake in Lloyds to 1.97%

You may well have missed it but the 2008 bank bailout just bit us all in the arse again

Four analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company.

UK Financial Investments, which manages the taxpayer's shares in Lloyds, reduced the holding by about 1% to 1.97%. The stock touched its high share price of $4.42 on May 25, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Jul 6, 2016 as $2.47.

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The average numbers of shares are traded in a security per day, during the recent 3-month period. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The average volume stands around 7.75 million shares.

A spokesperson for Lloyds Banking Group says: "Branches are a vital part of our strategy, and we're investing in our network to make sure it's right for the future". LLOY has recorded a 50-day average of 67.89GBX and a two hundred day average of 61.94GBX. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a "sell" rating to a "hold" rating in a research report on Wednesday, March 15th.

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The company shows its Return on Assets (ROA) value of 0%.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

The decision comes after Lloyds announced plans to close 400 branches, resulting in 9,000 job losses. The Monthly and Yearly performances are -1.17 percent and -11.2 percent respectively. The stock's market capitalization is 214.59M, it has a 52-week low of 1165.00 and a 52-week high of 1770.55. This represents a dividend yield of 3.17%. LYG has P/E (Price to Earnings ttm) value of 23.47, Forward P/E of 3380, P/C (Price to cash per share) of 0.18 and Price to Free Cash Flow (P/FCF) value of 0.

While looking at the Stock's Performance, Lloyds Banking Group plc now shows a Weekly Performance of -1.46%, where Monthly Performance is -1.17%, Quarterly performance is 9.03%, 6 Months performance is 17.77% and yearly performance percentage is -11.2%.



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