Lloyds Banking Group (LON:LLOY) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Lloyds shares climbed above their 200‑day moving average, trading as high as GBX 101.88 and last at GBX 100.90 versus the 200‑day MA of GBX 95.27, on heavy volume (157,374,938 shares).
• Analysts are mixed with an average rating of "Hold" and an average target of GBX 107.78 (five Buys, three Holds, one Sell), while recent target revisions have ranged from GBX 98 up to GBX 125.
• Fundamentals show a market cap of £59.05 billion, a P/E of 14.62, ROE of 9.93% and net margin of 24.49%; quarterly EPS was GBX 7 and sell‑side forecasts expect about GBX 7.32 for the year.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 95.27 and traded as high as GBX 101.88. Lloyds Banking Group shares last traded at GBX 100.90, with a volume of 157,374,938 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on LLOY. Deutsche Bank Aktiengesellschaft dropped their price objective on Lloyds Banking Group to GBX 125 and set a "buy" rating for the company in a report on Tuesday, February 3rd. Shore Capital Group restated a "sell" rating on shares of Lloyds Banking Group in a report on Thursday, April 2nd. UBS Group restated a "neutral" rating and issued a GBX 103 price target on shares of Lloyds Banking Group in a report on Friday, January 23rd. Citigroup increased their price target on Lloyds Banking Group from GBX 98 to GBX 106 and gave the stock a "neutral" rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. increased their price target on Lloyds Banking Group from GBX 102 to GBX 117 and gave the stock a "neutral" rating in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 107.78.

Lloyds Banking Group Stock Up 0.3%

The firm has a fifty day simple moving average of GBX 99.69 and a 200-day simple moving average of GBX 95.27. The company has a market capitalization of £59.05 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.84 and a beta of 0.94.

Lloyds Banking Group (LON:LLOY - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported GBX 7 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 9.93% and a net margin of 24.49%. On average, sell-side analysts predict that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

About Lloyds Banking Group

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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