Lloyds Banking Group plc ADR (NYSE:LYG) price on current trading day, rose 1.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.73.
A look at the stock’s price movement, the close in the last trading session was $2.68, moving within a range at $2.71 and $2.74. The beta value (5-Year monthly) was 1.241. Turning to its 52-week performance, $3.24 and $2.00 were the 52-week high and 52-week low respectively. Overall, LYG moved -4.21% over the past month.
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Lloyds Banking Group plc ADR’s market cap currently stands at around $41.32 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.15, with its dividend yield at 5.44%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 4.64B for the company’s revenue for the quarter, with a low and high estimate of 4.64B and 4.64B respectively. The average forecast suggests up to a 0.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 17.83B, representing a -5.61% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LYG is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend LYG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LYG’s current price about -0.58% and -6.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.58, while 7-day volatility ratio is 1.35% and 1.54% in the 30-day chart. Further, Lloyds Banking Group plc ADR (LYG) has a beta value of 1.31, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $2.75, forecast between a low of $2.75 and high of $2.75. Looking at the price targets, the low is -0.73% off current price level while to achieve the yearly target high, price needs to move -0.73%. Nonetheless, investors will most likely welcome a -0.73% jump to $2.75 which is the analysts’ median price.
If we refocus on Lloyds Banking Group plc ADR (NYSE:LYG), historical trading data shows that trading volumes averaged 9.26 over the past 10 days and 10.68 million over the past 3 months. The company’s latest data on shares outstanding shows there are 15.35 billion shares.
The 0.03% of Lloyds Banking Group plc ADR’s shares are in the hands of company insiders while institutional holders own 2.59% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.19 million on 2024-11-15, giving us a short ratio of 0.8. The data shows that as of 2024-11-15 short interest in Lloyds Banking Group plc ADR (LYG) stood at 5.0 of shares outstanding, with shares short falling to 8.83 million registered in 2024-10-15. Current price change has pushed the stock 14.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LYG stock continues to rise going into the next quarter.
