Lloyds Banking Group plc (LON:LLOY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 79.19 ($1.07) and last traded at GBX 78.70 ($1.06), with a volume of 600163313 shares trading hands. The stock had previously closed at GBX 77.82 ($1.05).
Analyst Upgrades and Downgrades
LLOY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Lloyds Banking Group from GBX 62 ($0.84) to GBX 71 ($0.96) and gave the stock an "underweight" rating in a report on Tuesday, March 25th. Shore Capital reiterated a "hold" rating on shares of Lloyds Banking Group in a research note on Thursday, May 1st. Finally, Citigroup upped their price objective on shares of Lloyds Banking Group from GBX 61 ($0.82) to GBX 71 ($0.96) and gave the company a "buy" rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of GBX 64.25 ($0.87).
Get Our Latest Research Report on LLOY
Lloyds Banking Group Trading Down 2.4%
The firm has a 50 day simple moving average of GBX 72.07 and a two-hundred day simple moving average of GBX 64.19. The company has a market capitalization of £46.46 billion, a PE ratio of 9.69, a P/E/G ratio of 1.84 and a beta of 1.23.
Lloyds Banking Group (LON:LLOY - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported GBX 1.70 ($0.02) earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Research analysts expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.
Insider Transactions at Lloyds Banking Group
In other Lloyds Banking Group news, insider William Chalmers sold 11,338 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.94), for a total value of £7,936.60 ($10,691.90). Company insiders own 0.17% of the company's stock.
About Lloyds Banking Group
(
Get Free Report)
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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