As this happened, Kepler initiated its Lloyds Banking Group plc ADR [LYG] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. RBC Capital Mkts also remained covering LYG and has decreased its forecast on July 26, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Exane BNP Paribas revised its rating on July 05, 2024. It rated LYG as “an Outperform” which previously was an “a Neutral”.
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Price Performance Review of LYG
On Tuesday, Lloyds Banking Group plc ADR [NYSE:LYG] saw its stock fall -0.97% to $3.05. Over the last five days, the stock has gained 3.39%. Lloyds Banking Group plc ADR shares have risen nearly 27.62% since the year began. Nevertheless, the stocks have risen 44.55% over the past one year. While a 52-week high of $3.14 was reached on 08/27/24, a 52-week low of $1.88 was recorded on 02/13/24. SMA at 50 days reached $2.99, while 200 days put it at $2.61.
Levels Of Support And Resistance For LYG Stock
The 24-hour chart illustrates a support level at 3.03, which if violated will result in even more drops to 3.01. On the upside, there is a resistance level at 3.08. A further resistance level may holdings at 3.11. The Relative Strength Index (RSI) on the 14-day chart is 53.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.05%. Stochastics %K at 72.15% indicates the stock is a holding.
How much short interest is there in Lloyds Banking Group plc ADR?
A steep rise in short interest was recorded in Lloyds Banking Group plc ADR stocks on 2024-08-30, growing by 0.41 million shares to a total of 10.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.77 million shares. There was a rise of 4.01%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 09, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating .
