Lloyds Banking Group plc (LYG) Is A Stock You Should Watch

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As of Wednesday close, Lloyds Banking Group plc’s (NYSE:LYG) stock traded at $2.15. The average number of shares traded per day over the past five days has been 6,298,620 shares. 4 times new highs have been achieved over the past 5 days, with a $0.12 gain in that time frame. In the last twenty days, the average volume was 8,547,870, while in the previous 50 days, it was 11,813,262.

Since last month, LYG stock rose 9.69%. Shares of the company fell to $1.83 on 11/03/22, the lowest level in the past month. A 52-week high of $3.00 was reached on 01/14/22 after having rallying from a 52-week low of $1.70. Since the beginning of this year, LYG’s stock price has dropped by -15.69% or -$0.40, and marked a new high 10 times. However, the stock has declined by -28.33% since its 52-week high.


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Valuation Metrics

Right now, Lloyds Banking Group plc (LYG) has a P/E ratio of about 7.49. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 2.13, the price-to-book (PB) ratio of 0.64.

The latest dividend of $0.0385 per share was paid out, which is -44.68% less than last year’s $0.0696. On Thursday July 28 2022, a $0.0311 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.71, and the total debt-to-equity ratio was 1.71. Based on annual data, LYG earned $12.88 billion in gross profit and brought in $18.23 billion in revenue.

Technical Picture

This quick technical analysis looks at Lloyds Banking Group plc’s (LYG) price momentum. With a historical volatility rate of 22.82%, the RSI 9-day stood at 70.46% on 23 November.

With respect to its five-day moving average, the current Lloyds Banking Group plc price is up by +5.91% percent or $0.12. At present, LYG shares trade +10.82% above its 20-day simple moving average and +7.50% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.42% above its SMA50 and -24.56% below its SMA200.

Stochastic coefficient K was 93.03% and Stochastic coefficient D was 94.65%, while ATR was 0.05. Given the Stochastic reading of 89.66% for the 14-day period, the RSI (14) reading has been calculated as 64.63%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.10.

Analyst Ratings

Lloyds Banking Group plc downgraded its rating on Lloyds Banking Group plc (NYSE: LYG) to an Equal-weight in a note to investors on October 17, 2022. The analysts firm previously had an Overweight rating on the stock.Lloyds Banking Group plc (LYG) has been rated Overweight by analysts. According to 4 brokerage firms, LYG is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Lloyds Banking Group plc stock as buy, with 11 recommending it as overweight.

With a median target price of $2.66, the current consensus forecast for the stock is $2.04 – $3.43. Based on these forecasts, analysts predict Lloyds Banking Group plc (LYG) will achieve an average price target of $2.74.

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