Lloyds Banking Group Plc which can be found using ticker (LYG) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 3.1 and 3.03 with the average target price sitting at $3.06. Given that the stocks previous close was at $2.42 this would indicate that there is a potential upside of 26.4%. Also worth taking note is the 50 day moving average now sits at $2.40 and the 200 day MA is $2.20. The company has a market cap of $40,584m. Company Website: https://www.lloydsbankinggroup.com
The potential market cap would be $51,317m based on the market consensus.
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance, Pensions, and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers. The Commercial Banking segment provides lending, transactional banking, working capital management, risk management, and debt financing services to small and medium-sized entities, corporates, and institutions. The Insurance, Pensions, and Investments segment offers insurance, investment, and pension management products and services. It also provides digital banking services. The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands. Lloyds Banking Group plc was founded in 1695 and is based in London, the United Kingdom.
The company has a dividend yield of 4.74% with the ex dividend date set at 13-4-2023 (DMY).
Other points of data to note are a P/E ratio of 6.81, revenue per share of 1 and a 0.63% return on assets.
