As of Friday close, Lloyds Banking Group plc’s (NYSE:LYG) stock was down -$0.05, moving down -2.27 percent to $2.15. The average number of shares traded per day over the past five days has been 8,490,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 9,155,675, while in the previous 50 days, it was 8,911,740.
Since last month, LYG stock retreated -1.83%. Shares of the company fell to $2.14 on 08/04/23, the lowest level in the past month. A 52-week high of $2.63 was reached on 02/09/23 after having rallying from a 52-week low of $1.70. Since the beginning of this year, LYG’s stock price has dropped by -2.27% or -$0.05, and marked a new high 19 times. However, the stock has declined by -18.25% 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 16.80. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.74, the price-to-book (PB) ratio of 0.63.
The latest dividend of $0.0792 per share was paid out, which is 4.21% more than last year’s $0.0760. On Wednesday July 26 2023, a $0.0032 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 2.01, and the total debt-to-equity ratio was 2.01. Based on annual data, LYG earned $17.26 billion in gross profit and brought in $21.83 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 23.94%, the RSI 9-day stood at 32.32% on 04 August.
With respect to its five-day moving average, the current Lloyds Banking Group plc price is down by -6.11% percent or -$0.14. At present, LYG shares trade -1.38% below its 20-day simple moving average and -4.44% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.33% below its SMA50 and +11.98% above its SMA200.
Stochastic coefficient K was 8.23% and Stochastic coefficient D was 15.46%, while ATR was 0.05. Given the Stochastic reading of 3.85% for the 14-day period, the RSI (14) reading has been calculated as 38.30%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.11.
Analyst Ratings
Lloyds Banking Group plc downgraded its rating on Lloyds Banking Group plc (NYSE: LYG) to a Neutral in a note to investors on June 26, 2023. The analysts firm previously had an Overweight rating on the stock.Lloyds Banking Group plc (LYG) has been rated Overweight by analysts. According to 3 brokerage firms, LYG is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Lloyds Banking Group plc stock as buy, with 10 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $2.07 – $4.14. Based on these forecasts, analysts predict Lloyds Banking Group plc (LYG) will achieve an average price target of $3.01.
