Lloyds Banking Group plc ADR (NYSE:LYG) price on Thursday, February 06, rose 0.32% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.12.
A look at the stock’s price movement, the close in the last trading session was $3.11, moving within a range at $3.1 and $3.14. 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 13.04% over the past month.
Lloyds Banking Group plc ADR’s market cap currently stands at around $47.34 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.15, with its dividend yield at 4.76%. 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 4.53B for the company’s revenue for the quarter, with a low and high estimate of 4.37B and 4.69B respectively. The average forecast suggests down to a -1.67% 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 -5.59% 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% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 6.21% and 11.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.16, while 7-day volatility ratio is 1.78% and 1.86% in the 30-day chart. Further, Lloyds Banking Group plc ADR (LYG) has a beta value of 1.28, and an average true range (ATR) of 0.07. 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 11.86% off current price level while to achieve the yearly target high, price needs to move 11.86%. Nonetheless, investors will most likely welcome a 11.86% 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 15.87 over the past 10 days and 12.26 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 2.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.39 million on 2025-01-15, giving us a short ratio of 0.66. The data shows that as of 2025-01-15 short interest in Lloyds Banking Group plc ADR (LYG) stood at 5.9999997 of shares outstanding, with shares short rising to 7.19 million registered in 2024-12-13. Current price change has pushed the stock 14.71% 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.
