Analysis Of The Weekly Performance Of Lloyds Banking Group plc (LYG)

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Lloyds Banking Group plc (NYSE:LYG) finished Thursday with a subtraction of $0.0 to close at $2.11, a downside of 0.00 percent. An average of 10,118,740 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 8,666,450 shares traded, while the 50-day average volume stands at 9,393,618.

LYG stock has increased by 1.93% in the last month. The company shares reached their 1-month lowest point of $1.93 on 09/01/22. With the stock rallying to its 52-week high on 01/14/22, shares of the company touched a low of $1.90 and a high of $3.00 in 52 weeks. It has reached a new high 10 times so far this year and lost -17.25% or -$0.44 in price. In spite of this, the price is down -29.67% from the 52-week high.


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Valuation Metrics

Lloyds Banking Group plc (LYG) has a trailing price-to-earnings (P/E) ratio of 7.62. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.25, the price-to-book (PB) ratio at 0.65.

The company’s most recent quarterly dividend payment was $0.0385 a share, representing a down of -44.68% from $0.0696 last year. Its latest decrease dividend $0.0311 reported on Thursday July 28 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.71 and a total debt to equity ratio of 1.71 for the recent quarter. Its gross profit as reported stood at $12.88 billion compared to revenue of $18.23 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Lloyds Banking Group plc (LYG) price momentum. RSI 9-day as of the close on 22 September was 49.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.88%.

As of today, LYG’s price is $2.15 -2.31% or -$0.05 from its 5-day moving average. LYG is currently trading +2.93% higher than its 20-day SMA and -5.38% lower than its 100-day SMA. However, the stock’s current price level is +6.03% above the SMA50 and -12.45% below the SMA200.

The stochastic %K and %D were 72.89% and 84.13%, respectively, and the average true range (ATR) was 0.06. With the 14-day stochastic at 61.54% and the average true range at 0.06, the RSI (14) stands at 50.04%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.03.

Analyst Ratings

BofA Securities upgraded Lloyds Banking Group plc (NYSE: LYG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Lloyds Banking Group plc (LYG) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell LYG, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.20 and $3.82, with a median target of $2.92. Taking a look at these predictions, the average price target given by analysts for Lloyds Banking Group plc (LYG) stock is $2.88.

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