At the time of writing, Lloyds Banking Group plc ADR [LYG] stock is trading at $2.92, up 2.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The LYG shares have gain 4.66% over the last week, with a monthly amount drifted -2.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lloyds Banking Group plc ADR [NYSE: LYG] stock has seen the most recent analyst activity on August 05, 2024, when Citigroup downgraded its rating to a Neutral. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on July 26, 2024. On July 05, 2024, upgrade upgraded it’s rating to Outperform. Deutsche Bank started tracking the stock assigning a Buy rating. Berenberg initiated its recommendation with a Hold and recommended $2.75 as its price target on April 25, 2024. BofA Securities upgraded its rating to Buy for this stock on March 21, 2024. In a note dated January 16, 2024, BofA Securities downgraded an Neutral rating on this stock.
For the past year, the stock price of Lloyds Banking Group plc ADR fluctuated between $1.88 and $3.13. Currently, Wall Street analysts expect the stock to reach $2.75 within the next 12 months. Lloyds Banking Group plc ADR [NYSE: LYG] shares were valued at $2.92 at the most recent close of the market. An investor can expect a potential drop of -5.82% based on the average LYG price forecast.
Analyzing the LYG fundamentals
According to Lloyds Banking Group plc ADR [NYSE:LYG], the company’s sales were 31.81B for trailing twelve months, which represents an -19.00% plunge. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.88 points at the first support level, and at 2.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.95, and for the 2nd resistance point, it is at 2.97.
Ratios To Look Out For
It is important to note that Lloyds Banking Group plc ADR [NYSE:LYG] has a current ratio of 2.95. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 0.93.
