The stock of Lloyds Banking Group plc (NYSE:LYG) increased by $0.04 on Monday to finish at $2.12, up 1.92 percent. The last five days have seen an average of 10,590,760 shares of common stock traded. 19 times new highs were reached in the current year, with a fall of -$0.08. The average number of shares traded over the last 20 days was 9,984,415, while the average volume over the last 50 days totaled 9,540,328.
LYG stock dropped -7.42% since last month. On 08/25/23, the company’s shares reached a one-month low of $2.06. The stock touched a high of $2.63 on 02/09/23, after rallying from a low of $1.70 in 52 weeks. The price of LYG stock has declined by -3.64% or -$0.08 this year, reaching a new high 19 times. Still, the stock price is down -19.39% from the 52-week high.
Valuation Metrics
Lloyds Banking Group plc (LYG) has a trailing price-to-earnings (P/E) ratio of 16.83. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.74, the price-to-book (PB) ratio of 0.63.
Company paid $0.0792 per share in dividends, an increase of 4.21% from $0.0760 last year. A $0.0032 dividend increase was reported on Wednesday July 26 2023.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 2.01, and the total debt to equity ratio is 2.01. Based on annual data, it had gross profit of $17.26 billion and revenue of $21.83 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 4.40% return on investment (ROI) in the past year.
Technical Picture
Here’s a quick look at Lloyds Banking Group plc’s (LYG) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 46.37%, suggesting the stock is Neutral, with a 17.24% historical volatility rate.
The stochastic %K and %D were 21.77% and 20.27% respectively, while the average true range (ATR) was 0.04. Based on the 14-day stochastic reading of 46.15%, the RSI (14) reading is 43.74%. On the 9-day MACD Oscillator, the stock is at -0.01, and the 14-day reading is at -0.02.
Analyst Ratings
Lloyds Banking Group plc (NYSE: LYG) was downgraded by JP Morgan to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Lloyds Banking Group plc (LYG) an Overweight rating. LYG is a stock that is recommended for selling by 3 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is LYG’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.07 and $4.14, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for Lloyds Banking Group plc (LYG) is $3.00.
