As this happened, Keefe Bruyette downgraded its Lloyds Banking Group plc ADR [LYG] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early March from “an Equal-weight” to “an Overweight”. Morgan Stanley also remained covering LYG and has decreased its forecast on October 30, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on October 04, 2024. It rated LYG as “a Neutral”.
Price Performance Review of LYG
On Tuesday, Lloyds Banking Group plc ADR [NYSE:LYG] saw its stock fall -0.54% to $3.69. Over the last five days, the stock has gained 4.24%. Lloyds Banking Group plc ADR shares have risen nearly 35.66% since the year began. Nevertheless, the stocks have risen 49.39% over the past one year. While a 52-week high of $3.91 was reached on 03/05/25, a 52-week low of $2.42 was recorded on 01/10/25. SMA at 50 days reached $3.23, while 200 days put it at $2.99.
Levels Of Support And Resistance For LYG Stock
The 24-hour chart illustrates a support level at 3.68, which if violated will result in even more drops to 3.66. On the upside, there is a resistance level at 3.71. A further resistance level may holdings at 3.73. The Relative Strength Index (RSI) on the 14-day chart is 60.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.66%. Stochastics %K at 48.46% 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 2025-02-28, growing by 14.41 million shares to a total of 24.69 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.28 million shares. There was a rise of 58.36%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 05, 2024 when Kepler began covering the stock and recommended ‘”a Hold”‘ rating .
