Lloyds Banking Group (LYG, Financial) has filed for an automatic mixed securities shelf. This move allows the company to issue various types of securities in the future without needing to submit individual registration documents for each one. This strategy provides the bank with the flexibility to respond to market conditions quickly and efficiently, potentially strengthening its financial position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Lloyds Banking Group PLC (LYG, Financial) is $3.36 with a high estimate of $3.88 and a low estimate of $2.84. The average target implies an downside of 19.90% from the current price of $4.20. More detailed estimate data can be found on the Lloyds Banking Group PLC (LYG) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Lloyds Banking Group PLC's (LYG, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lloyds Banking Group PLC (LYG, Financial) in one year is $3.07, suggesting a downside of 26.82% from the current price of $4.195. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lloyds Banking Group PLC (LYG) Summary page.
