Lloyds Banking Group (LON:LLOY) Reaches New 52-Week High - Here's What Happened

Lloyds Banking Group plc (LON:LLOY - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 79.30 ($1.08) and last traded at GBX 78.36 ($1.06), with a volume of 305487844 shares changing hands. The stock had previously closed at GBX 77.64 ($1.05).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "hold" rating and issued a GBX 74 ($1.01) target price on shares of Lloyds Banking Group in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of GBX 66.20 ($0.90).

Lloyds Banking Group Stock Performance

The company has a market capitalization of £47.32 billion, a PE ratio of 9.87, a P/E/G ratio of 1.84 and a beta of 1.23. The business has a fifty day moving average price of GBX 76.57 and a 200 day moving average price of GBX 70.24.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported GBX 3.80 ($0.05) earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Research analysts forecast that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

Insider Buying and Selling at Lloyds Banking Group

In other Lloyds Banking Group news, insider Charlie Nunn purchased 238,593 shares of the business's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of GBX 76 ($1.03) per share, with a total value of £181,330.68 ($246,373.21). Also, insider William Chalmers acquired 152,181 shares of Lloyds Banking Group stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of GBX 76 ($1.03) per share, with a total value of £115,657.56 ($157,143.42). Corporate insiders own 0.17% of the company's stock.

Lloyds Banking Group Company Profile

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community. The Group's main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.

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