Lloyds Banking Group plc ADR [LYG] stock prices are up 1.94% to $3.15 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LYG shares have gain 3.28% over the last week, with a monthly amount glided 0.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup downgraded its rating to Neutral on August 05, 2024. On July 26, 2024, downgrade downgraded it’s rating to Sector Perform. Exane BNP Paribas upgraded its rating to a Outperform. Deutsche Bank initiated its recommendation with a Buy. Berenberg started tracking with a Hold rating for this stock on April 25, 2024, and assigned it a price target of $2.75. In a note dated March 21, 2024, BofA Securities upgraded an Buy rating on this stock.
The stock price of Lloyds Banking Group plc ADR [LYG] has been fluctuating between $1.88 and $3.14 over the past year. 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 $3.15 at the most recent close of the market. An investor can expect a potential drop of -12.7% based on the average LYG price forecast.
Analyzing the LYG fundamentals
The Lloyds Banking Group plc ADR [NYSE:LYG] reported sales of 31.81B for trailing twelve months, representing a drop of -19.00%. 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 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.5.
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 3.13 points at the first support level, and at 3.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.17, and for the 2nd resistance point, it is at 3.19.
Ratios To Look Out For
It’s worth pointing out that Lloyds Banking Group plc ADR [NYSE:LYG]’s Current Ratio is 2.95. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 1.00.
