Lloyds Banking Group plc (NYSE:LYG) traded at $2.48 at last check on Tuesday, May 04, made a downturn move of -1.59% on its previous day’s price.
Looking at the stock we see that its previous close was $2.52 and the beta (5Y monthly) reads 1.56 with the day’s price range being $2.4600 – 2.5300. The company has a trailing 12-month PE ratio of 37.61. In terms of its 52-week price range, LYG has a high of $2.53 and a low of $1.17. The company’s stock has gained about 7.23% over that past 30 days.
On the other hand, looking at the outlook for the LYG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 22 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Lloyds Banking Group plc (LYG) stock as a Hold, while 11 rate it as a Buy. 2 analyst(s) rate it as outperform while 1 of them rated it as underperform, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the LYG stock currently stands at 0, and the most recent price level today is 3.96% off its SMA20 and 7.72% from its 50-day simple moving average. The RSI (14) is pointing at 59.9 while the volatility over the past week is 1.59% and jumps to 1.86% over the past one month. The beta value is 1.56, while the average true range (ATR) is currently pointing at 0.06. The average price target for the stock over the next 12 months is $2.73, with the estimates having a low of $2.23 and a high of $3.07. These price ends are -10.08% and +23.79% off the today’s price level respectively, although investors could be excited at the prospect of a +8.87% if the LYG share price touches on the median price of $2.7.
Let’s briefly compare Lloyds Banking Group plc (LYG) stock to its peers. We find that today’s price change of -1.59% and +65.79% over the past 12 months for LYG competes that of Royal Bank of Canada (RY), which has seen its stock price fall -0.74% in the latest trading session and is +60.22% over the last one year. Another of its peers Hdfc Bank Ltd (HDB) has dropped -1.25% today, and was +65.77% up over the past year, while HSBC Holdings Plc (HSBC) is also down -1.59% yet, while its price remains in the green at 65.79% over the same period. Lloyds Banking Group plc has a P/E ratio of 37.61 compared to Royal Bank of Canada’s 14.63 and Hdfc Bank Ltd’s 179.64. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.21% and -0.62%, respectively, in early deals.
Coming back to Lloyds Banking Group plc (NYSE:LYG), we note that the average 3-month trading volume was 6.3 Million, while that of the preceding 10-day period stands at 4.28 Million. Current shares outstanding are 17.74 Billion.
According to data from Thomson Reuters, insiders hold 0% of the company’s shares while institutions hold 1.44%. The data shows that short shares as of April 14, 2021, stood at 820.35 Million at a short ratio of 0.17. This represents a 0% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 855.4 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +28.57% up in year-to-date price movement.