Lloyds Banking Group plc (LYG): Technicals Say You should Hold

Lloyds Banking Group plc (NYSE:LYG) saw an upside of 0.40% to close Friday at $2.52 after adding $0.01 on the day. The 5-day average trading volume is 6,524,520 shares of the company’s common stock. It has gained $2.54 in the past week. An average of 6,883,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,372,136.

LYG’s 1-month performance is 10.04% or $0.25 on its low of $2.26 reached on 09/21/21. The company’s shares have touched a 52-week low of $1.30 and high of $2.83, with the stock’s rally to the 52-week high happening on 06/02/21. YTD, LYG has achieved 28.57% or $0.56. However, the current price is down -10.95%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 98.63 and a low of 6.328. LYG stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.48 while the price-to-book (PB) in the most recent quarter is 0.63.

Lloyds Banking Group plc pays an annual dividend of $0.07 per share. Its dividend yield is 2.78%. LYG’s most recent quarterly dividend payment was made on Sep. 23, when it paid $0.0375 a share compared with prior rate of $0.0318, up 15.2% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0057 reported on Friday July 30 2021. Measured over the last 3 years, the Dividend has been growing by -100.00% yearly.

It is projected that Lloyds Banking Group plc’s next ex-dividend date will be on 17-Apr. LYG is expected to distribute $0.005 as its next dividend.

Earnings Surprise

LYG stock balance sheet for the recent quarter shows that, with total debt at $119.6 billion

Technical Picture

Let’s look briefly at Lloyds Banking Group plc (LYG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 63.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.68%.

The stock’s 5-day moving average is $2.48, reflecting a +3.28% or $0.08 change from its current price. LYG is currently trading +9.09% above its 20-day SMA, -7.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.40% and +39.23% respectively.

Stochastic %K and %D was 96.29% and 91.75% and the average true range (ATR) pointed at 0.06. The RSI (14) points at 59.48%, while the 14-day stochastic is at 92.86% with the period’s ATR at 0.06. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Lloyds Banking Group plc (NYSE: LYG), Goldman downgraded it to a Sell rating. They previously had a Neutral rating on the stock. Analysts offering their rating for LYG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LYG as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.

What is LYG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.34 and a high of $3.38, with their median price target at $2.96. Looking at these predictions, the average price target given by analysts is for Lloyds Banking Group plc (LYG) stock is $2.92.

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