Lloyds Banking Group plc ADR (NYSE:LYG) saw a downside of -0.69% to $2.15 after subtracting -$0.02 on Monday. The 5-day average trading volume is 8,298,611 shares of the company’s common stock. It has gained $2.21 in the past week and touched a new high 3 times within the past 5 days. An average of 8,926,732 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,324,695.
LYG’s 1-month performance is 3.61% or $0.07 on its low of $2.00 reached on 09/08/23. 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 -2.05% or -$0.05 and has reached a new high 19 times. However, the current price is down -18.06% from the 52-week high price.
Valuation Metrics
LYG stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.15 while the price-to-book (PB) in the most recent quarter is 0.73.
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 ADR (LYG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 59.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.21%.
The stock’s 5-day moving average is $2.13, reflecting a +4.94% or $0.10 change from its current price. LYG is currently trading +3.42% above its 20-day SMA, -8.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.65% and SMA200 by-3.96%.
Stochastic %K and %D was 75.06% and 72.29% and the average true range (ATR) pointed at 0.05. The RSI (14) points at 55.56%, while the 14-day stochastic is at 72.00% with the period’s ATR at 0.05. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.06 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lloyds Banking Group plc ADR (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 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 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 $3.98, with their median price target at $2.91. Looking at these predictions, the average price target given by analysts is for Lloyds Banking Group plc ADR (LYG) stock is $2.88.
