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Tuesday, March 21, 2023

Is Lloyds Banking Group plc (NYSE: LYG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Lloyds Banking Group plc (LYG) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $2.30. The Lloyds Banking Group plc has recorded 12,499 volume in the after hours trading session.


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Stocks Info

LYG belongs to the Financial sector of the NYSE while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $2.30 and fluctuated between $2.3150 as its day high and $2.2300 as its day low. The current market capitalization of Lloyds Banking Group plc is $40.13B. A total of 22.85 million shares were traded on the day, compared to an average of 8.60M shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Lloyds Banking Group plc pays an annual dividend of $0.12, resulting in a dividend yield of 5.00%, and it has a price to earnings (P/E) ratio of 6.69. LYG’s most recent ex-dividend date was 4/13/2023 when it declared a $0.0760 quarterly dividend that was paid in cash on 6/2/2023. Previously, the company paid the dividend on 9/22/2022 with an ex-dividend date of 8/5/2022. The LYG stock dividend was $0.0385 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LYG in the last 3 months, the mean price target is $3.07 with high estimates of $3.88 and low estimates of $2.37. In terms of 52-week highs and lows, LYG has a high of $2.64 and a low of $1.70.

As of this writing, LYG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LYG is Sell with a score of 4.00. A total of 14 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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