Analysts Say You Should Hold Your Position In Lloyds Banking Group plc ADR (NYSE: LYG)

Lloyds Banking Group plc ADR (NYSE:LYG) traded at $3.10 at last check on current trade day and made a downward move of -0.48% on its previous day’s price.

Looking at the stock we see that its previous close was $3.11 and the beta (5Y monthly) reads 1.234 with the day’s price range being $3.073 – $3.11. In terms of its 52-week price range, LYG has a high of $3.18 and a low of $1.88. The company’s stock has gained about 1.48% over that past 30 days.

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Lloyds Banking Group plc ADR has a market cap of $47.42 billion and is expected to release its quarterly earnings report in November. With its Forward Dividend at 0.15 and a yield of 4.80%, the company’s investors could be anxious for the LYG stock to gain ahead of the earnings release.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 23.1B, or 3.60% up from figures reported last year.

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.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Lloyds Banking Group plc ADR (LYG) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 0.30% off its SMA20 and 2.38% from its 50-day simple moving average. The RSI (14) is pointing at 53.17 while the volatility over the past week is 1.39% and jumps to 1.66% over the past one month. The beta value is 1.32, 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 $2.75, with the estimates having a low of $2.75 and a high of $2.75. These price ends are 11.29% and 11.29% off the today’s price level respectively, although investors could be excited at the prospect of a 11.29% if the LYG share price touches on the median price of $2.75.

Coming back to Lloyds Banking Group plc ADR (NYSE:LYG), we note that the average 3-month trading volume was 10.75 million, while that of the preceding 10-day period stands at 12.37 million. Current shares outstanding are 15.88 billion.

The insiders hold 0.03% of the company’s shares while institutions hold 2.42%. The data shows that short shares as of 2024-09-30, stood at 12.79 million at a short ratio of 0.93. Shares short rose in September from the previous month at 11.47 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 29.50% up in year-to-date price movement.

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