Analyst Revises Lloyds Banking Group Plc (NYSE:LYG) Stock Target


Lloyds Banking Group Plc (NYSE:LYG) mean price target has been set at $2.73 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.00 in the near-term quarter and $0.38 for the ongoing fiscal. The market cap of Lloyds Banking Group Plc Americ was recorded at $62.62B after the stock closed at $2.97 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Lloyds Banking Group Plc (NYSE:LYG) has a P/E ratio of 247.50. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Lloyds Banking Group Plc (NYSE:LYG) PEG ratio sits at -15.64. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Lloyds Banking Group Plc Americ visibly illustrates that the 50-day MA of Lloyds Banking Group Plc Americ is $3.88, and stock is trading -0.91 or -23.53% distant from $3.88. The 200-day MA is $3.93, and this price is $-0.96 or -24.39% off from current level. Lloyds Banking Group Plc (NYSE:LYG) 52-week high is $5.54 and the 52-week low is $2.73. This represents that if the stock moves $-2.57 points up on the chart to make a 52-week high. But, if it declines $+8.79%, then the shares price can hit a new 52-week low.

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