Lloyds Banking Group plc ADR (LYG) Is A Buy According To Analysts

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Lloyds Banking Group plc ADR (NYSE:LYG) has a beta value of 1.34 and has seen 8.68 million shares traded in the last trading session. The company, currently valued at $47.23B, closed the last trade at $3.03 per share which meant it gained $0.01 on the day or 0.33% during that session. The LYG stock price is -0.99% off its 52-week high price of $3.06 and 37.95% above the 52-week low of $1.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.41 million shares traded. The 3-month trading volume is 9.09 million shares.

The consensus among analysts is that Lloyds Banking Group plc ADR (LYG) is Buy stock at the moment, with a recommendation rating of 2.37. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

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Lloyds Banking Group plc ADR (NYSE:LYG) trade information

Sporting 0.33% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LYG stock price touched $3.03 or saw a rise of 0.98%. Year-to-date, Lloyds Banking Group plc ADR shares have moved 26.78%, while the 5-day performance has seen it change 0.33%. Over the past 30 days, the shares of Lloyds Banking Group plc ADR (NYSE:LYG) have changed 9.78%. Short interest in the company has seen 13.28 million shares shorted with days to cover at 1.11.

Wall Street analysts have a consensus price target for the stock at $2.75, which means that the shares’ value could drop -10.18% from current levels. The projected low price target is $2.75 while the price target rests at a high of $2.75. In that case, then, we find that the current price level is 9.24% off the targeted high while a plunge would see the stock lose 9.24% from current levels.

Lloyds Banking Group plc ADR (LYG) estimates and forecasts

Figures show that Lloyds Banking Group plc ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 41.59% over the past 6 months, with this year growth rate of -31.91%, compared to 3.50% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.99% over the past 5 years. Earnings growth for 2024 is a modest -16.14% while over the next 5 years, the company’s earnings are expected to decrease by -10.30%.

LYG Dividends

Lloyds Banking Group plc ADR is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.14 at a share yield of 4.60%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.67%.

Lloyds Banking Group plc ADR (NYSE:LYG)’s Major holders

The top two institutional holders are MONDRIAN INVESTMENT PARTNERS LTD with over 89.95 million shares worth more than $232.97 million. As of 2024-03-31, MONDRIAN INVESTMENT PARTNERS LTD held 0.1408% of shares outstanding.

The other major institutional holder is GOLDMAN SACHS GROUP INC, with the holding of over 22.19 million shares as of 2024-03-31. The firm’s total holdings are worth over $57.48 million and represent 0.0342% of shares outstanding.