Upbeat Lloyds doubles profits to £1.3bn

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Lloyds Banking Group plc (LYG) has a market capitalization of 60.04 Billion. The stock's 52-week range is $9.89 - $16.07. The Company Touched its 52-Week High on 05/25/16 and 52-Week Low on 07/06/16. The stock remained 1.42% volatile for the week and 1.33% for the month.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits.

Gordon noted that in the immediate aftermath of the European Union referendum vote last June, analysts immediately took the view the view that Lloyds bad debt provision to be £1.73 billion, excluding those from the recent purchase of the MBNA credit card business.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. The company has a 1 Year high price target of $2.28. The high and low revenue estimates for the current quarter are $21.93 Billion and $21.93 Billion, respectively. LYG generated revenue of $30.65 Billion in the same quarter, one year ago. RSI measures the speed and change of a stock price to warn investors when a stock's momentum has carried it too far. They now have a United States dollars 90 price target on the stock. According to Thomson Reuters, analysts are projecting a consensus target price of $2.280 on company stock. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. The stock has a 50 day moving average price of GBX 66.24 and a 200 day moving average price of GBX 63.10. In other words, EPS reveals how profitable a company is on a share owner basis. The bigger the return, the more efficient management is in utilizing its asset base. LYG has P/E (Price to Earnings ttm) value of 23.38, Forward P/E of 3390, P/C (Price to cash per share) of 0.18 and Price to Free Cash Flow (P/FCF) value of 0.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.

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Real returns will be negative over the life of the investment, however.

The bank increased its projected net interest margin, the difference between what it pays for deposits and charges customers for loans, to 2.8%.

Usually, the ROE ratio's between 12-15 percent are considered desirable.

The goal of a stock price analysis is to study the behaviour of stock prices. The rating was downgraded by Berenberg on Monday, March 27 to "Sell".

Several sell side analysts reviewed their recommendations on Lloyds Banking Group plc (LYG) where 0 analyst have rated the stock as Strong Buy, 0 analysts said it's a Buy, 0 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. The stock showed weekly upbeat performance of 0.99%, which was maintained for the month at 5.09%.

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