During the last session, Lloyds Banking Group plc ADR (NYSE:LYG)’s traded shares were 9.89 million, with the beta value of the company hitting 1.33. At the end of the trading day, the stock’s price was $3.06, reflecting an intraday gain of 0.66% or $0.02. The 52-week high for the LYG share is $3.18, that puts it down -3.92 from that peak though still a striking 38.56% gain since the share price plummeted to a 52-week low of $1.88. The company’s market capitalization is $46.88B, and the average intraday trading volume over the past 10 days was 12.57 million shares, and the average trade volume was 10.70 million shares over the past three months.
Lloyds Banking Group plc ADR (LYG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.63. LYG has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Lloyds Banking Group plc ADR (NYSE:LYG) trade information
Lloyds Banking Group plc ADR (LYG) registered a 0.66% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.66% in intraday trading to $3.06, hitting a weekly high. The stock’s 5-day price performance is 1.32%, and it has moved by 3.73% in 30 days. Based on these gigs, the overall price performance for the year is 50.00%. The short interest in Lloyds Banking Group plc ADR (NYSE:LYG) is 12.79 million shares and it means that shorts have 1.31 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.75, which implies a decrease of -11.27% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.75 and $2.75 respectively. As a result, LYG is trading at a premium of 10.13% off the target high and 10.13% off the low.
Lloyds Banking Group plc ADR (LYG) estimates and forecasts
Statistics show that Lloyds Banking Group plc ADR has underperformed its competitors in share price, compared to the industry in which it operates. Lloyds Banking Group plc ADR (LYG) shares have gone up 16.35% during the last six months, with a year-to-date growth rate less than the industry average at -31.91% against 4.40. In the rating firms’ projections, revenue will increase 5.90% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.99%. While earnings are projected to return -10.39% in 2024, the next five years will return -10.30% per annum.
LYG Dividends
Lloyds Banking Group plc ADR is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Lloyds Banking Group plc ADR is 0.15, with the dividend yield indicating at 4.85 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.67%.
The next largest institutional holding, with 24.07 million shares, is of ARROWSTREET CAPITAL, LIMITED PARTNERSHIP’s that is approximately 0.0377% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $65.7 million.
