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Lloyds Tsb Group Plc (LYG) [hlAlert]

down 21.61 %

Lloyds Tsb Group Plc (LYG) rated Overweight by HSBC Securities

Posted on: Wednesday,  Apr 29, 2009  9:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Lloyds Tsb Group Plc (NYSE: LYG) on 04/29/2009, when the stock price was $6.20.
Since then, Lloyds Tsb Group Plc has lost 21.61% as of 01/25/2016's recent price of $4.86.
If you would have followed this HSBC Securities's recommendation on LYG, you would have lost 21.61% of your investment in 2462 days.

Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. The Company operates in three divisions: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. Its main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Company also operates an international banking business with a global footprint in 40 countries. Services are offered through a number of brands, including Lloyds TSB, Halifax, Bank of Scotland, Scottish Widows, Clerical Medical and Cheltenham & Gloucester. On January 16, 2009, Lloyds Banking Group plc acquired HBOS plc. In November 2009, The Bank of New York Mellon Corporation completed the acquisition of Insight Investment Management Limited from the Company.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2009 9:25 AM Buy
as of 12/31/2009
1 Week up  33.43 %
1 Month down  -20.18 %
3 Months down  -35.38 %
1 YTD down  -30.48 %

(*) Stock Price at the time of the recommendation.
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