Lloyds Banking Group plc (NYSE:LYG) remained unchanged to close Monday at $2.11 after subtracting $0.0 on the day. The 5-day average trading volume is 9,948,560 shares of the company’s common stock. It has gained $2.15 in the past week and touched a new high 1 time within the past 5 days. An average of 9,263,215 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,307,428.
LYG’s 1-month performance is -9.05% or -$0.21 on its low of $2.09 reached on 08/16/23. The company’s shares have touched a 52-week low of $1.70 and high of $2.63, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, LYG has lost -4.09% or -$0.09 and has reached a new high 19 times. However, the current price is down -19.77% from the 52-week high price.
Valuation Metrics
LYG stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.71 while the price-to-book (PB) in the most recent quarter is 0.62.
The firm’s gross profit as reported stood at $17.26 billion against revenue of $21.83 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 21 August was 32.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 8.43%.
The stock’s 5-day moving average is $2.11, reflecting a -1.40% or -$0.03 change from its current price. LYG is currently trading -9.44% above its 20-day SMA, -4.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.22% and SMA200 by+9.33%.
Stochastic %K and %D was 12.75% and 9.68% and the average true range (ATR) pointed at 0.04. The RSI (14) points at 36.81%, while the 14-day stochastic is at 16.67% with the period’s ATR at 0.04. The stock’s 9-day MACD Oscillator is pointing at -0.01 and -0.03 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 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 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 $2.07 and a high of $4.14, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for Lloyds Banking Group plc (LYG) stock is $3.00.
