As of Thursday close, Lloyds Banking Group plc’s (NYSE:LYG) stock was up $0.01, moving up 0.48 percent to $2.11. The average number of shares traded per day over the past five days has been 8,008,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.03 fall in that time frame. In the last twenty days, the average volume was 8,738,055, while in the previous 50 days, it was 9,151,380.
Since last month, LYG stock retreated -11.72%. Shares of the company fell to $2.09 on 08/16/23, 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 -4.09% or -$0.09, and marked a new high 19 times. However, the stock has declined by -19.77% since its 52-week high.
Valuation Metrics
Right now, Lloyds Banking Group plc (LYG) has a P/E ratio of about 16.61. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 0.62.
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 12.51%, the RSI 9-day stood at 32.26% on 17 August.
With respect to its five-day moving average, the current Lloyds Banking Group plc price is down by -1.40% percent or -$0.03. At present, LYG shares trade -11.34% below its 20-day simple moving average and -4.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.80% below its SMA50 and +11.05% above its SMA200.
Stochastic coefficient K was 7.58% and Stochastic coefficient D was 8.92%, while ATR was 0.04. Given the Stochastic reading of 9.09% for the 14-day period, the RSI (14) reading has been calculated as 36.81%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.06.
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 6 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 9 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 $3.00.
