Why You Need Lloyds Banking Group plc (LYG) On Your Watchlist


Lloyds Banking Group plc (NYSE:LYG) remained unchanged to close Tuesday at $2.45 after subtracting $0.0 on the day. The 5-day average trading volume is 5,184,420 shares of the company’s common stock. It has gained $2.46 in the past week and touched a new high 3 times within the past 5 days. An average of 5,373,505 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,052,904.

LYG’s 1-month performance is 8.89% or $0.20 on its low of $2.19 reached on 12/30/22. The company’s shares have touched a 52-week low of $1.70 and high of $2.92, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, LYG has achieved 11.36% or $0.25 and has reached a new high 13 times. However, the current price is down -16.10% from the 52-week high price.

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Valuation Metrics

LYG stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.32 while the price-to-book (PB) in the most recent quarter is 0.71.

The firm’s gross profit as reported stood at $12.88 billion against revenue of $18.23 billion.

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 24 January was 83.14% to suggest the stock is trending Overbought, with historical volatility in this time period at 8.35%.

The stock’s 5-day moving average is $2.43, reflecting a +1.66% or $0.04 change from its current price. LYG is currently trading +10.86% above its 20-day SMA, +21.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +28.95% and SMA200 by+5.60%.

Stochastic %K and %D was 95.74% and 92.99% and the average true range (ATR) pointed at 0.04. The RSI (14) points at 75.43%, while the 14-day stochastic is at 95.24% with the period’s ATR at 0.04. The stock’s 9-day MACD Oscillator is pointing at 0.03 and 0.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Lloyds Banking Group plc (NYSE: LYG), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for LYG stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate LYG as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 13 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 $2.28 and a high of $3.76, with their median price target at $2.95. Looking at these predictions, the average price target given by analysts is for Lloyds Banking Group plc (LYG) stock is $3.00.


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