Lloyds Banking Group plc (NYSE:LYG) does about 6.93M shares in volume on a normal day but saw 10611674 shares change hands in Friday trading. The company now has a market cap of 26.36B USD. Its current market price is $1.47, marking an increase of 3.52% compared to the previous close of $1.42. The 52 week high reached by this stock is $3.58 whilst the lowest price level in 52 weeks is $1.27. The script in recent trading has seen the stock touch a high of $1.49 and a low of $1.45.
Lloyds Banking Group plc (LYG) has a 20-day trading average at $1.4400 and the current price is -58.94% off the 52-week high compared with 15.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4660 and its 200-day simple moving average is $2.1004. If we look at the stock’s price movements over the week, volatility stands at 2.67%, which increases to 2.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.74 to suggest the stock is neutral.
22 analysts observing the Lloyds Banking Group plc (LYG) stock have set the 12-month price targets for the company’s shares at between $1.31 and $2.40. The consensus objective for the share price is $1.31, suggesting that the stock has a potential downside of -12.21% over the period. The median price target is 21.39% away from the current levels at $1.87.
FactSet Research has provided data showing that 22 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 13 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Overweight.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 23, 2020 when Credit Suisse upgraded the stock to “Outperform” and issued a price target of. Investec also upgraded the stock to “Buy” from Hold on July 02, 2020 at a price target of.
The current price level is 2.62%, 0.15%, and -30.27% away from its SMA20, SMA50, and SMA200 respectively, with the LYG price moving above the 50-day SMA on August 28. Lloyds Banking Group plc (LYG) stock is up 3.52% over the week and 9.70% over the past month. Its price is -55.59% year-to-date and -38.24% over the past year.
The company’s next earnings report is expected on 10/29/2020.
Its 12-month price target is $1.87. To reach the target analysts have set, the stock logically needs to shrink -12.21 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.31, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.40.
Outstanding shares total 17.61B with insiders holding 0.00% of the shares and institutional holders owning 1.74% of the company’s common stock. The company has a return on investment of 4.60%. The price to earnings ratio (P/E ratio) amounts to 70.00 while the forward price to earnings ratio is 13.36. The beta has a value of 1.25. Price to book ratio is 0.40 and price to sales ratio is 1.25.
Goldman Sachs Income Builder Fund isn’t the only investment manager who changed stakes and is followed by DFA International Value Series, which sold off 0.0 shares to end up with 1,844,768 shares worth $2.44 million. DFA International Core Equity Por cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.01% position in Lloyds Banking Group plc thanks to 1.06 million shares amounting to $1.4 million.