Lloyds Banking Group plc (LYG) will probably climb -3.56 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $4.99-month high price target. This represents a whopping 77.58 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $3.98, which represents a return potential of 41.64 percent when compared to the closing price of the stock of $2.81 on Friday, January 11. The lowest price target for the stock is $2.7 — slightly more than -3.91 percent from LYG’s current share price.
The stock is currently hovering around the first support level of $2.76. Below this, the next support is placed in the zone of $2.71. Till the time, the LYG stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 61.71 on daily chart, which may remain a cause for concern. If the price breaks below $2.71 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.84 mark may result into a pull-back move towards $2.87 level.
On 11th of January, Lloyds Banking Group plc (NYSE:LYG) shares ended higher after a volatile session. The shares accumulated 0.05 points or 1.81 percent at $2.81 with a heavy trade volume of 21.386 million shares. After opening the session at $2.76, the shares went as high as $2.82 and as low as $2.74, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $49.9 billion and now has 17.74 billion shares outstanding. Lloyds Banking Group plc (LYG) stock has gained 11.07 percent of market value in 21 trading days.
LYG stock has a trailing 3-year beta of 0.89, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.27 a share in the trailing twelve months. The stock’s value has surged 9.77 percent year to date (YTD) against a decline of -26.25 percent in 12 month’s time. The company’s shares still trade -33.25 percent away from its 1-year high of $4.21 and 15.64 percent up from 52-week low of $2.43. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of Lloyds Banking Group plc (LYG) are trading at a P/E ratio of 10.94 times earnings reported for the past 12 months. The industry LYG operates in has an average P/E of 18.6. Its P/E ratio went as low as 15.98X and as high as 97.22 over the 5-year span. Further, it is sporting a 2.42 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7.82. 0 percent is the gross profit margin for Lloyds Banking Group plc and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.
Let’s take a look at some insider activity at Lloyds Banking Group plc (NYSE:LYG) and see the pattern.