As of Wednesday close, Lloyds Banking Group plc’s (NYSE:LYG) stock was up $0.06, moving up 2.88 percent to $2.14. The average number of shares traded per day over the past five days has been 7,694,700 shares. 3 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 8,855,775, while in the previous 50 days, it was 9,424,360.
Since last month, LYG stock rose 1.42%. Shares of the company fell to $2.00 on 09/08/23, 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 -2.73% or -$0.06, and marked a new high 19 times. However, the stock has declined by -18.63% since its 52-week high.
Valuation Metrics
Right now, Lloyds Banking Group plc (LYG) has a P/E ratio of about 17.26. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.77, the price-to-book (PB) ratio of 0.64.
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 25.22%, the RSI 9-day stood at 60.83% on 20 September.
With respect to its five-day moving average, the current Lloyds Banking Group plc price is up by +2.39% percent or $0.05. At present, LYG shares trade +2.39% above its 20-day simple moving average and -12.30% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.17% below its SMA50 and -4.89% below its SMA200.
Stochastic coefficient K was 50.00% and Stochastic coefficient D was 48.15%, while ATR was 0.05. Given the Stochastic reading of 77.78% for the 14-day period, the RSI (14) reading has been calculated as 55.14%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.02.
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 1 analyst rate Lloyds Banking Group plc stock as buy, with 9 recommending it as overweight.
With a median target price of $2.91, the current consensus forecast for the stock is $2.07 – $3.98. Based on these forecasts, analysts predict Lloyds Banking Group plc (LYG) will achieve an average price target of $2.89.
